INCOME:  Copy of all sources of your income:

2015 W2’s All borrowers All sources.

2015 Federal Tax Returns with all pages and schedules.  Or copy of Extension after April 1st.  No State Tax Returns needed for file.

2014 W2’s All borrowers All sources.

2014 Federal Tax Returns with all pages and schedules.  No State Tax Returns needed for file.

Paycheck Stubs covering current month showing current Year-To-Date (Y-T-D)  income.  Trades people provide last paycheck stub from each job or project this year.  Example of trades people: television, movie, entertainment industry, music or recording industry, production companies, programmers, translators, etc…

Corporate Tax Returns 1120 or 1120S last two years.

2015 K1′s

2015 1065′s and/or Corporate Returns

2014 K1′s

2014 1065′s and/or Corporate Returns

Copy of your annual Social Security Award Letter

Retirement Letters

Disability Income Documentation

Contract Income

Trust Income Documentation

Copy of leases on properties that you rent. (Not always needed)

Copies of Notes, Trust Deeds, Residual Contracts or Royalty Agreements.

ASSETS:  Copy of last two months statements ALL NUMBERED PAGES:

Do Not Highlight Balances.  Photocopy on one side of paper only.  Personal and Business Accounts for each category that applies to you:

Checking Accounts

Savings Accounts

Money Market

CD’s and/or Time Deposits

Brokerage Accounts  (ALL Pages)

Online Stock Brokerage Accounts

Mutual Fund Accounts

ASSETS: Last Quarterly or Annual Statement ALL PAGES:

Do Not Highlight Balances.  Photocopy on one side of paper only.

IRA’s

401(k)

503(b)

Pension

Retirement

Employee Savings Plan

Investment Plan

STRS Type Retirement Plans

PERS Type Retirement Plans

Motion Picture Industry Retirement Plan

Insurance Policy with Cash Surrender Value.

The following documents are needed ONLY if they apply to you:

Copy of Bankruptcy Discharge Papers including ALL Schedules.

Copy of the release for any judgments that appear on your credit report.

Divorce Decree and attached agreement including child support papers.

Paid receipts for any collection accounts.

Tax Liens if outstanding, have to be paid in escrow at closing

Collections reported as unpaid on credit report, have to be paid in escrow at closing or in most cases prior to submitting the loan package to underwriting.

Judgments have to be paid in escrow at closing

Closing Statement HUD-1 for any property purchased or sold within 12 months of today

Condo.  Name of Homeowners Association, management company phone number and contact person.

Gift Funds

Gift Funds (If part of down payment is a gift, please follow this procedure.)

Standard Gift Letter.  We will email,  fax ,or mail to you.

Photocopy of gift check to you from donor.

Photocopy of deposit slip from bank that shows you deposited gift.

Photocopy of Donors bank statement with sufficient funds.  Please let Donor know that the lender is NOT interested in Donors finances.  They only want to verify the amount of gift.  Don’t black out account numbers or cover up part of the bank statement, it only confuses the underwriter.

Verification of Mortgage (Required if payment history not on credit report)

Only provide if requested, due to rating not on credit report.

Copy of last 12 months cancelled checks for Mortgages
This condition needed only if your credit report does not show a full 12 month history for current mortgage. We will let you know if this document is required.  If you do have to do this, here is how we like to get them.  Put checks in order from oldest to current date.  Put Four checks on the copy machine at a time and copy on letter size paper.  Flip checks over  exactly in the same order to show back of the cancelled checks.  Photocopy again. Repeat on a total of 12 checks.  When you are finished you will have six pages total.  Three pages of 4 check fronts and three pages of 4 check backs. Confused? Call us first.

Verification of Rent (Required if down payment minimal)

Copy of last 12 months cancelled checks to prove RENT paid on time.  We can mail a “Verification of Rent” to your landlord instead of the checks.  If you are not ready to inform your landlord of your intentions give us copies of your rent checks.   If you do have to do this, here is how we like to get them.  Put checks in order from oldest to current date.  Put four checks on the copy machine at a time and copy on letter size paper.  Flip checks over exactly in the same order to show back of the cancelled checks.  Photocopy again. Repeat on a total of 12 checks.  When you are finished you will have six pages total.  Three pages of 4 check fronts and three pages of 4 check backs. Confused? Call us first.

Instructions:

Photocopy each of your documents on ONE SIDE of the paper ONLY, towards the bottom. “Portrait Layout” Do not copy on both sides of paper. If you are in doubt, copy the document and include it.  We shred all photocopies not needed for loan approval.

If you go to a photocopy center, the cost for copying everything you need for your loan application is from $5.00 to $20.00.  It is money well spent.  Send the invoice for the cost of your copies and we will reimburse you in full.  Don’t use your computer scanner or personal copier.  It takes too long and the copies are often of poor quality.

Do not highlight anything.  Do not black out anything.  Do not staple any of the copies.  Send it all “loose.”  We will sort it out.  You can also send original documentation and we will photocopy and return everything to you at no charge.

You can fax everything, except the loan application and disclosures which require live signatures.  Mail the signed forms.  We will accept faxes, if you call first.  You can email all your documents.  Adobe (PDF) files or Word documents are preferred by lenders.

 

You can email all your documents.

We accept .pfd, .doc, .docx files.

jpg files are difficult to use and convert for loan processing purposes

and should only be used if no other digital document conversion option is available.

Each page image needs to be well under 1mb size.

Call for fax number or email address.  It’s not listed on the site.

 

Mail all documentation to:

Harp Financial Mortgage Company

26500 West Agoura Road #102-649

Calabasas, California 91302-1952

 

Hours: 9:00AM to 9:00PM Daily.

 California Properties only

818-878-9538   Office

 

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