Which documents do I need?
We have certain standard documents that are required, yet additional oner may be necessary depending on the type of loan requested.
Basic documents required:
Copy of the deed of the property to be financed.
Copy of the Property Tax (CRIM) notice or property registry number.
Payment in favor to FirstMortgage to cover expenses related to your transaction.
Recent payroll stubs covering a 30-days period.
Employment, Social Security, AEELA, VA pension certification, as applicable.
Recent financial statements covering a 24-month period, if you are self-employed.
Wage and Tax Statement (Form W-2) for the last two (2) years.
Letter certifying the purpose of the loan.
Copy of the latest bank statements or copy of the certificate of deposit, IRA account, etc., which shows the assets that will be used for the transaction.
Mortgage pay-off balance (if applicable).
Evidence and explanatory letter of any adverse credit situation.
Copy of two (2) current identifications, such as: drivers license, passport, and Social Security card, among others.
Additional documents may be required in certain cases:
Certificate of Eligibility – Veterans.
Copy of Sales Agreement.
Copy of the check given as a down payment, as well as evidence of the account where funds are available.
Homeowner Association ( HOA ) letter for confirming monthly payment of maintenance fees.
Hazard insurance policy information.
Copy of divorce decree and stipulations.
Evidence of additional income such as federal or state pension, child support, etc.
Other documents to be determined.
Download checklist here.