First Meeting: Refinance

Now that you’ve filled out a loan application, received a savings estimate and scheduled a meeting to go over your loan paperwork, you need to know what items to bring. 

Please take a look at the list of items below and make sure that you are bringing the exact documentation requested. This way, by carefully following all instructions, you will ensure that your loan is underwritten and processed in a timely fashion.

• Please bring copies of the items listed below to your meeting
• Do not staple the copies or make them double-sided (they will be scanned)
• Alternatively, you can email or fax the documents to your loan officer or upload them to a secure folder (please ask your loan officer to create one for you)
• Note: your loan officer’s fax number will be listed in their email signature
• Please inspect each page of each document to make sure that all items are legible and that no information is cut off

Please bring copies of:

• INCOME: Paycheck stubs 

  • Covering most recent continuous 30 days of employment
  • If an employer’s name on a paycheck doesn’t correspond to an employer that you listed on your loan application, please bring a short letter of explanation explaining the discrepancy – signed and dated.
    • Examples include parent/daughter companies, recently acquired companies, etc.

• INCOME: W-2 forms for the last two years

  • If you have W2 forms for any jobs not listed on your loan application (even receiving very minor income), please bring a short letter of explanation for each job – listing the employer name, address, phone, type of work and dates of employment, including whether you currently work at that job. Please sign and date the letter of explanation.

• INCOME: Tax Returns

  • Need copies of filed tax returns for the last two years
  • Please bring all pages and sign/date Page 2 of your tax returns – current (today’s) date is acceptable

• INCOME: Human Resources (HR) Information

  • Human Resources Contact: Name/Email address (if available)/Contact Phone Number and Fax
  • For self-employed borrowers, we need the same information for your accountant/CPA (instead of HR)

• ASSETS: Bank Statements (Only if you are planning to bring money to closing)

  For all Checking and Savings Accounts (last two months, all pages – even if one is blank)

  • Printouts or screen-prints are not acceptable; we need actual bank statements or PDF files of them
  • If any bank statements have additional people listed as account owners, please bring a short letter of explanation for your relationship to the additional account holder.
  • If there are any deposits over $100 shown on the statement that are not payroll or tax refund deposits – please bring a short letter of explanation for the source of each deposit
  • If there are any transfers from/into the bank account, we would need to see a full bank statement for the account from/to which the money was transferred

• ASSETS: Retirement Account Statements (IRA, 401K) – only if you own more than one property

  • Last official statement (quarterly or semi-annual is acceptable), all pages – even if one is blank
  • If any statements have additional people listed as account owners, please bring a short letter of explanation for your relationship to the additional account holder
  • Any other Asset Statements (Trading Accounts, etc) – please bring most recent official statements

• IDENTIFICATION: Drivers License and Social Security Card

  • If the address on your drivers license doesn’t match your loan application address, please bring a short letter of explanation for the discrepancy – signed/dated

• Home Insurance

  • Contact info for your homeowner’s insurance agent – company name, contact person, phone number and/or email
  • If you want to shop around, we can recommend several local places with great coverage and low premiums (note: we derive no financial benefits from any referrals)
    • Please see our Insurance Resources page for more information

• For all real estate owned (including your current home):

  • If you currently own any real estate, please bring (for each property owned, including your current home):
  • A copy of your most recent mortgage statement, tax bill (if available) and insurance bill
  • If you own rental properties: all rental leases for all current tenants

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Please check if any of the following items are applicable:

• IF APPLICABLE: a Divorce Decree (all pages, only if paying or receiving child support or maintenance)
  • We need all pages of your final executed divorce decree/separation agreement

• IF APPLICABLE: Retirement Income:
  • Pension Award Letter from the employer for any pension income (can be obtained by calling the employer)
  • Social Security Award Letter (most recent)
  • Two Bank Statements (all pages) showing monthly deposits with matching amounts

If you are Self-Employed / Business Owner / 1099-Contractor:

• These additional items are needed:
  • Business Tax Returns – (last two years, all pages)
  • W-2 forms (last 2 years) if owner pays himself/herself
  • Business Bank Statements, if applicable (last two months, all pages – even if one is blank)
  • Business License
  • Contact information for your CPA/accountant