United America Realty
Today, lenders and banks are requiring more documentation for loan approvals than they have ever had in the past. The amount and types of documentation depend on the type of loan or program that you are seeking. However, in general, copies of W2s are necessary along with paystubs and account statements.
If you have misplaced your W2 copies, you have some choices for getting a replacement. The quickest and easiest means (also should be free) is to contact your employer or former employer. Also, the IRS can send of a complete copy of your old tax returns (which include a copy of your W2) for a fee, and this can take a long time to receive.
Good luck with your property search and getting a loan! Should you need any help on finding a qualified lender or you want to search for properties, you can visit my website below.
Any further lending questions, let me know.
My recommendation is that you speak with a lender so you know exactly the amount you qualify for, know your debt ratios, credit history, reserves required, downpayment, etc. before you go through the hassle of hunting down paperwork.
Call me at (661) 255-3335 or email me and I will provide you a list of documentation needed. No obligation.
Cheryl Garner, Mortgage Expert
Fairview Mortgage Capital, Inc.