Investor's Loan Guide by Graham W. Parham

Employment / Income
• Employment
history for the last
two years
(address any
gaps of
employment).
• Copies of
paycheck stubs
for the last 30
days (most current). The two most recent are required if borrowers are
paid weekly, bi-weekly, and monthly. It just depends on the
individual(s).
• A copy of the most recent complete signed 1040 Income Tax Returns
with W-2's, and/or 1099's for most recent two years filed (All Schedules
including K1’s if applicable.) If real estate property is titled in an LLC.
Limited Partnership, or S-Corp, please provide separate tax returns.
• If you have filed an extension on your recent tax filing, then provide a
copy of the extension, proof of any tax payment, and provide the last
two completed tax returns filed instead.
• If receiving social security income, please provide the current year’s
award letter showing future payment installments.
• Any pension income, please provide documentation to support future
payment installments.
Self Employed Borrowers
• A copy of the most recent Complete signed 1040 Income Tax Returns with
W-2's, and/or 1099's for two years (All Schedules including K1’s if
applicable.) If real estate property owned by an LLC, Limited Partnership,
or S-Corp, please provide separate tax returns.
• If your business is incorporated, please provide the last two years of 1120’s
tax returns. (ALL PAGES)
• A copy of corporate/partnership tax returns for most recent 2 year period
if owning more than 25% of the company -- copies of W-2's and/or 1099
forms.
• A copy of current profit & loss statement and balance sheet for the
current year.
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