Basic Documents Needed for a Refinance Loan.  

(Regular Refis, not for Streamline Refis)
The underwriter may ask for additional documentation as the process goes on (depending on your particular loan scenario and according to their guidelines) but start with these:
For income:
For Wage Earners (Income reported to the IRS on a W-2 form)
1 month of most recent paystubs (showing year to date income) plus
2 most recent years W-2s (tax returns may be needed later if the underwriter requests it.)
If Self Employed: 2 years most recent 1040 tax returns and Year to Date Profit & Loss statement for the business for the current year.
If Retired: Bank statement showing direct deposit of Social Security benefits or other retirement benefits and most current statement from any pension, 401K distribution, etc. you may be receiving.  Also a copy of the Social Security and/or Pension Award letter showing amount of benefit.
For Assets:
2 months bank statements for all checking & savings accounts, money market accounts, etc ( be sure to provide all pages, front and back, even if blank, because they are usually numbered).
Online copies may be acceptable.
Latest annual or semi annual statement from your 401K or other retirement acct.
For the Property:
Copy of your mortgage statement(s) from your Lender(s) showing the balances of all mortgages,
Latest property tax bill from County Assessor (even if paid through your Lender- the Assessor sends you a copy),
Declaration page from your homeowners insurance showing coverages and amount of premium (usually it’s the front page),
Credit card authorization for appraisal fee (if an appraisal is required) (Loan officer will provide this form),
If the Property is in a Trust, please provide the Trust document, all pages.
For Identity Verification:
Clear color copy of Driver’s license and Social Security Card OR copy of Passport (this is a Patriot Act Requirement).
Permanent Resident Aliens: Please provide a copy of your United States Permanent Resident Card (USCIS Form I-551).
If requesting a VA Interest Rate Reduction Refinance Loan (VA IRRRL), please include a copy of your Certificate of Eligibility or your DD-214.
The loan application requires your social security number, date of birth, years of education, number of dependents and current and former addresses and employers during the last 5 years including addresses and contact info.  The loan officer will also run a credit report. Be prepared to discuss any late payments, student loans in deferment, collection accounts, liens or judgments, etc.
Any questions regarding these requirements or asking about requirements for the streamline refis, please call 866-706-0827 or email me: .