Whitley Mortgage Associates, Inc. NMLS# 107585

Required Documents USDA Purchase

☐ Offer to Purchase and Contract

 

☐ Copy of valid and legible photo ID (ex: driver’s license or passport):

If the address referenced on your ID is different than your current address, please make a note as to why on the copy of your ID (example: I have not changed my address with the DMV as of yet but intend to do so once this transaction closes).

 

☐ Copy of your Social Security Card

 

Copy of paystubs that cover at least 35 days: You will need to continue to send pay stubs as you get them throughout the process.

 

Copy of SSI benefits letter for current year: If applicable

 

☐ Most Recent Two Years W-2s

 

Most Recent Two Years Federal Tax Returns: We will need these if you are self-employed. We do not need the state returns. We need all pages and all schedules.

 

Most Recent Two Years Federal Business Tax Returns: If applicable, all pages and all schedules.

 

Investment Property Leases:  If applicable, current and signed by you and the tenant.

 

☐ Child Support and/or Alimony:

If you owe/ pay child support, alimony or separate maintenance to another party, we’ll need the court order showing verifying the amount and terms of payment.

 

☐ Copy of a YTD Profit & Loss on any businesses you own:

If applicable, this can be self prepared and must be signed and dated. An audited YTD P&L may be required later in the process if the UW determines it necessary.

 

Mortgage Statements on ALL homes you own that have a lien:

This includes primary home, second homes and investment homes. If taxes and Homeowners Insurance are not included in your mortgage payment(s) we will also need a copy of the HOI Declarations page and the property taxes for each property.

 

If you recently sold a home, send a copy of the executed closing disclosure from that sale along with a copy of the bank statement showing where the proceeds were deposited into your account.

 

Funds to Close/ Bank Statements: Most recent two months accounts statements to verify any cash due at closing.

 

☐ Proof of Earnest money Deposit and Due diligence fee:

Copy of the cleared/cancelled check and two months of bank statements from the account that they came out of. We will have to see a transaction summary showing the money coming out of your account with an updated balance. Please send all pages of your statements covering the last 60 days. *You may not have this information for a few weeks due to having to wait for a third party to deposit the EMD and DD checks.

 

☐ Homeowner’s insurance contact:

You determine who you would like to have your homeowner’s insurance. Once you have determined, please send us an email with the agent’s name and phone number.

 

Any Additional Household Income Not Already Listed on the Loan Application

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