Home Jones
Phone 415-617-5448
E-mail Me

Mortgage topics (sitemap)
Milwaukee Mortgage Blog
 Home Loan checklist!
Milwaukee Realtors!
Want a higher credit score?
Home Buyer Reports
About Me

Acceptable Forms of Income Documentation

Many people want to know what forms of income documentation are acceptable to a lender for obtaining a mortgage? There are many forms of income documentation that can be acceptable to use for obtaining a mortgage, however, it depends on which lender and what type of mortgage program you are trying to obtain mortgage financing on. For example a hard money lender will probably accept different form of income documentation than a subprime lender lender, and a subprime lender will probably accept different forms of identification than a conforming lender.

The standard acceptable forms of documentation for a full documentation conforming mortgage would be last 2 years W-2 statements, 2-4 most recent paycheck stubs, any bank statements and or financial account statements and mortgage payment history.

Your lender may score your loan through an automated underwriting system. If he or she does, ask for a copy of the feedback. This will tell you what exactly is required as far as income documentation. Sometimes a Verbal verification of employment(voe) is all that is required, and other other times more extensive verification is required.

In some cases, banks accept checking and savings account statements showing periodic direct deposits as proof of income in lieu of payroll software generated paystubs.

Preparing your documentation prior to meeting with your mortgage broker is a good idea. Having all proof of income and assets available is great time saver for all parties involved.

The amount of income documentation that the lender requires is dependent on your loan product. The standards range from full documentation to no documentation and even vary between lenders.


First Name:

Last Name:

Email Address:

Phone Number:


Best Time to Call:

Questions / Comments:


Please visit my other websites at
Milwaukee Mortgage Lender
Wisconsion Mortgage Refinance
Wisconsin Mortgage Lender
Milwaukee Real estate agent
Loan Officer | Whats the best time of year to buy a house | How do I stop foreclosure | Free Rapid Rescore - Expedited Credit Repair | Super Jumbo Refinance Loan | Refinance | Questions to ask a realtor
This is not a commitment to lend. Restrictions may apply. Information is subject to change without notice. All loans are subject to credit approval. Equal Housing Opportunity.
To View Our Privacy Policy Please Visit privacy policy.