For a Quick Easy Loan Approval:
Have These Items Ready When You Apply For a Loan
* Income Items
o W2 forms for the last two years
o Most recent pay stubs covering a 30 day period
o Federal tax returns (1040's) for the last two years, if:
+ you are self-employed
+ earn regular income from capital gains
+ earn sizable interest income, etc.
+ earn more than 25% of your income from commissions or bonuses
+ own rental property
+ or are in a career where you are likely to take non-reimbursed business expenses).
o Year-to-Date Profit and Loss Statement (for self employed)
o Corporate or Partnership tax returns (if you own more than 25% of the business)
o Pension Award letter (for retired individuals)
o Social Security Award letters (for those on Social Security)
