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- Complete and sign a 4- or 5-page residential loan application (Fannie Mae Form 1003/Freddie Mac Form 65) and attached a loan information sheet, credit authorization and fair lending notice. Page 5 of the application is a continuation page in case you need additional space for your assets or liabilities. If you make a mistake while filling out the application, cross it out and make the change. Do NOT use white out.
- If you are a salaried employee, you'll need to provide two years of W-2s and one month of pay stubs. If you are self-employed, you'll need to provide two years tax returns and a year-to-date profit and loss statement.
- If you own a rental property, you'll need to provide rental agreements and two years tax returns.
- Provide a copy of the note on your first mortgage. This will normally be found in your closing loan documents.
- You may be required to provide a letter explaining what you plan to do with the proceeds.
- Please provide a signed letter explaining what you plan to do with the proceeds.
- Provide copy of divorce decree if applicable.
- If you are NOT a citizen of the United States, you'll need to provide a copy of your green card (front and back). If you are NOT a permanent resident, you'll need to provide your H-1 or L-1 visa.
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