Mortgage Resources

Assets

Last 2 months asset statement(s) for any asset being used for funds to close or reserves. All pages- if it says page 1 of 6, then provide page 6, even if blank A transaction history is not acceptable:

• Most recent statement for 401K, Mutual Fund, IRA, and/or investment accounts
• If funds are coming from a gift, then the following is required:
  • Gift letter signed by all parties (we will provide the form)
  • Copy of donor’s bank statement showing ability to give gift
  • Proof of transfer of funds in the form of a wire confirmation or donor’s canceled check, and proof of deposit into your account
• If funds are coming from the sale of a home, the fully executed Closing Disclosure will be required

Additional Documents:

• Copy of current picture identification for each applicant, front and back
• If you have obligations due to legal actions ( i.e.: child support) bring in judicial decree
• Complete bankruptcy filing and discharge documents if less than 7 years since discharge
• Copy of any current mortgage statements and property tax bills from all properties owned
• Name and number of homeowners insurance agent and/or Homeowner’s insurance policy with paid receipt for one year; or existing policies must be in effect for a minimum of 90 days from the date of funding of this loan

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