What documents will I need for my home loan?

Financial Mortgage Solutions in New Mexico strives to make your experience as easy and secure as possible. You can use the checklists below as a guide to know what documents you will need in order to start the process of securing a mortgage, whether you're buying a new home or refinancing an existing mortgage loan.

Various loan products may require slightly different documentation, so please contact your loan officer should you have any questions regarding your specific home loan. The checklists below contain a general idea of what documents we will need to process your mortgage loan. We specialize in
 FHA Loans, Conventional Mortgage Loans, VA Loans, Jumbo Loans, VA Streamline Refinances (IRRRL), FHA Streamline Refinances, Construction Loan, Reverse Mortgage and HARP Loans. 

home purchase Documents

Employment Income

  • Pay Stubs for most recent month with year-to-date totals
  • Personal income tax return documents for previous two years, if self employed.
  • Business income tax return documents for previous two years - all schedules (if applicable)
  • If alimony or child support are applicable in financing your home loan, a copy of divorce decree or marriage settlement disclosure.

Disability, Veterans or Retirement Benefits Income

  • Social Security Award Letter - can be obtained from SSA.gov
  • Retirement benefits letter indicating that benefits will continue for at least three years.
  • Proof of veterans benefits from VA.gov
  • DD214 (VA only)

Assets
*Please include all pages in asset documents

  • Bank Statements for most recent two months for all applicable checking and savings accounts.
  • Current 401k, IRA and/or Investment Portfolio statements with name, address and account number. Must not be a screenshot of accounts. 
  • Terms of withdrawal for 401k, IRA and/or Investments

Subject Real Estate Property 

  • Homeowner's insurance quote
  • Purchase Contract from your Realtor

Real Estate Property Owned

  • Mortgage statement from your home loan servicer, if you currently own your home 
  • Homeowner's association fees, if applicable 
  • Rental or lease agreement if renting your home

Your Personal Information

  • Government issued identification such as a driver's license, U.S. Passport or military ID

In processing your home purchase mortgage loan, you may need to provide other documents as the process progresses. This may include: bank statement showing earnest money for the escrow account, taxes and insurance, have left your bank account; a gift letter if your down payment money was gifted to you; all revised counter offers to the home purchase contract; letters of explanation may be required by a lender before approval, etc.

Here at Financial Mortgage Solutions, we strive to make this process as easy and secure for you as possible.

Secure Fax: 888-767-7694

We can also provide an encrypted secure link to upload your supporting documents. Ask your Loan Processor for a secure link to upload your home loan documentation.

refinance.jpg

Refinancing your mortgage

Employment Income

  • Pay Stubs for most recent month with year-to-date totals
  • Personal income tax return documents for previous two years, if self employed
  • Business income tax return documents for previous two years - all schedules (if applicable)
  • If alimony or child support are applicable in financing your home loan, a copy of divorce decree or marriage settlement disclosure.

Disability, Veterans or Retirement Benefits Income

  • Social Security Award Letter - can be obtained from SSA.gov
  • Retirement benefits letter indicating that benefits will continue for at least three years.
  • Proof of veterans benefits from VA.gov
  • DD214 (VA only)

Assets
*Please include all pages in asset documents

  • Bank Statements for most recent two months for all applicable checking and savings accounts.
  • Current 401k, IRA and/or Investment Portfolio statements with name, address and account number. Must not be a screenshot of accounts.
  • Terms of withdrawal for 401k, IRA and/or Investments

Subject Real Estate Property

  • Homeowner's insurance quote
  • Deed of Trust/Mortgage, can be found in title package
  • Survey/ILR, can be found in your title package
  • Homeowner's insurance declarations page

Real Estate Property Owned

  • Mortgage statement from your home loan servicer, if you currently own your home (Title Package)
  • Homeowner's association fees, if applicable
  • Rental or lease agreement if you are renting out your home

Your Personal Information

  • Government issued identification such as a driver's license, U.S. Passport or military ID

In processing your mortgage refinance loan, you may need to provide other documents as the process progresses. This may include: bank statement showing that the earnest money for the escrow account, taxes and insurance, have left your bank account; letters of explanation may be required by a lender before approval, etc.

Here at Financial Mortgage Solutions, we strive to make this process as easy and secure for you as possible.

Secure Fax: 888-767-7694

We can also provide an encrypted secure link to upload your supporting documents. Ask your Loan Processor for a secure link to upload your home loan documentation.

Streamline Refinance

Assets:
*Please include all pages in asset documents

  • Bank statements for most recent two months for all applicable checking and savings accounts. 
  • Current 401k, IRA and/or Investment Portfolio statements with name, address and account number. Must not be a screenshot of accounts. 
  • Terms of withdrawal for 401k, IRA and/or Investments

Subject Real Estate Property

  • Monthly mortgage statement (mortgage loan servicer)
  • Mortgage Note (FHA Streamline) can be found in your title package. 
  • Deed of Trust/Mortgage, can be found in title package
  • Survey/ILR, can be found in your title package
  • Homeowner's insurance declarations page
  • Certificate of Eligibility (VA Streamline only)

Your Personal Information

  • Government issued identification such as a driver's license, U.S. Passport or military ID

In processing your mortgage refinance loan, you may need to provide other documents as the process progresses. This may include: bank statement showing that the earnest money for the escrow account, taxes and insurance, have left your bank account; letters of explanation may be required by a lender before approval, etc.

Here at Financial Mortgage Solutions, we strive to make this process as easy and secure for you as possible.

Secure Fax: 888-767-7694

We can also provide an encrypted secure link to upload your supporting documents. Ask your Loan Processor for a secure link to upload your home loan documentation.