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Checked Box Applies to All Full Doc Borrowers

When you are ready to apply for your home loan using full documentation (best rates), please be prepared to provide the following application and property documentation if it applies to you:

INCOME:  Copy of all sources of your income:

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2009 W2’s All borrowers All sources.

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2009 Federal Tax Returns with all pages and schedules.  Or copy of Extension.  No State Returns.

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2008 W2’s All borrowers All sources.

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2008 Federal Tax Returns with all pages and schedules.  No State Returns. 

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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.

 

2009 K1's

 

2009 1065's and/or Corporate Returns

 

2008 K1's

 

2008 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 PAGES:

 

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

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Checking

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Savings

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Money Markets

 

CD's and/or Time Deposits

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Brokerage Accounts

 

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

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401(k)

 

503(b)

 

Pension

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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 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 have to be paid in escrow at closing

 

Collections have to be paid in escrow at closing

 

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, phone number and contact.

Gift Funds

 

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

 

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

 

Photocopy of gift check.

 

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)

 

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,  files.

Call for 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

 

Office Hours: 9:00AM to 9:00PM PST Daily

818-878-9538 Office