Will Pinnick President
of Home Loans By U, Inc.
Thank you for the opportunity to
to earn your business and we look
forward to becoming your family's
trusted Home Loan experts.
Refinance Document Check List
Thank you for considering Home Loans By U, Inc. to assist your home Refinancing needs.
To help ensure that the process goes smoothly, we’ve put together the following general checklist to assist you in the gathering the supporting documentation for your loan.
Additional items may be needed depending upon your specific scenario. Please contact one of our Mortgage Experts for a list of specific items or with any questions. We look forward to the opportunity to assist you with your Refinance!
List of Items Required
Social Security Card
Copy of the Note - for the mortgage being refinanced.
Most Recent Mortgage statement - for the mortgage being refinanced.
• Include a copy of the statement for a 2nd Mortgage/HELOC if it is being paid off or re-subordinated.
Owner’s Title Insurance Policy
Letter of Explanation for Purpose of Cash-Out - (If this is a cash-out refi).
• Needs to be signed and dated.
Most Recent Paystubs - Covering the last consecutive 30 day period.
2016 & 2017 W2s
• W2s are a part of a complete tax return and the lender will request to see all the W2s filed with each return you are providing.
• This includes w2s for a non-borrowing spouse if they are on the returns filed.
2016 and 2017 Personal Tax Returns
• Include all pages/schedules filed with each return.
• Make sure that the tax returns are signed.
• If the current tax year is on extension. Please provide a copy of the extension and the prior 2 years filed returns.
All K1s associated with the personal tax returns being provided
For any company you have 25% or more ownership:
Most Recent 2 Years Business Returns
Must be Signed and Dated
2016 Year to Date P&L
Signed and dated
Does not need to be prepared by an accountant
Most Recent 2 Months Bank Statements
Must show assets to cover down-payment, closing costs & reserves.
Include All pages for each statement.
If the statement says Page 1 of 5, include all 5 pages- this will be a requirement in underwriting.
For All Properties Owned/Named On Title
HOA Home Owners Association payment slip (if applicable)
Tax Bill (if not escrowed as part of mortgage)
Insurance Dec. Page- showing premium amount (if not escrowed as part of mortgage)
Points of Contact: Name, Phone #, and Email Address
Condo Association (if applicable)
Contact for entry for the appraiser
Employer Contact- For Verification of Employment (Doesn’t apply to self-employed borrowers with >25% ownership)
Accountant- Self Employed borrowers only
For Alternative Income Sources:
Fully Executed Lease
Alimony or Child Support:
Divorce Decree/Separation Agreement stating amount received & proof of continuation for at least 3 years.
Canceled checks/deposits/bank statements showing that you have been receiving it for the past 3 months
Social Security, Disability, VA Benefits:
Copy of the awards letter from the agency/organization
Most recent 2 months’ bank statements showing receipt in your bank account
Last 3 years tax returns- all pages and schedules.
Most Recent 2 months bank statements to confirm likely continuation of the income for the next 3 years.
Copy of the Trust Agreement (Signed)
If a Gift will be Used For Part of the Down-Payment:
Executed Gift Letter
This will be provided to you by Foundation Mortgage and will detail the terms of the Gift.
Proof of Transfer of the Gift into your Account
Provide a copy of the Wire Confirmation or Both Sides of the Canceled Check.
***NOTE THAT THE CHECK/WIRE CONFIRMATION NEEDS TO SHOW THE DOWNER’S NAME AS LISTED ON THE GIFT LETTER***
Updated Bank Statement/Transaction Summary
Showing the gift has cleared your account on the account the gift was
NMLS ID: 398557