Banking Paperwork

We at Essex Mortgage Bank require two,two and two = two months bank statements,two years w-2's and tax returnns and two months paysubs with one of those months falling within the last 30 days.We are a Direct Lender and do everything in house.Originate,Process and Fund in as little as two weeks. Jeffrey Martino Young at Essex Mortgage Bank in Santa Rosa,Ca.95404 www.fhasubmissions.com or toll free # 1-866-936-8478.

I'm surprised that you have been able to get this far without having a preapproved loan. Most home mortgages require 2 months bank statements, 2 year w-2's and 2 years tax returns with recent paystubs covering a 30 day period. The preapproval process only takes a day or so and we can issue you a written approval, provided we have a complete application and the required documentation.Please don't hesitate to contact me if you have any questions.Regards,Doug BullwinkelVitek Mortgage Groupwww.LenderSolutions.com(800) 636-8910doug@LenderSolutions.com

Typically needed is 2 months of bank statements from personal accounts. Anything more than that is just extra conditions the lender is requiring to verify some other information regarding your loan.

If it is a conforming or super-conforming loan then usually the most recent complete statement will do. "Complete" is the operative word. Your lender will want every single page of the statment including blank and boiler-plate pages. If the statement says "Page x of 8" then the lender will want all 8 pages. Giving your lender page 1 of the statement will not work.A statement you get on-line is ok but whatever statement you give must have the following elements:1. Your name and, preferably, your address.2. The name of the institution.3. The account number.4. A 30 day history 5. All pages6. You will have to document the source large, unusual deposits.Documenting assets is the most frustrating part of getting a loan for a purchase but you can make life easier on yourself if your funds are seasoned for at least two full months. Seasoned funds are simply funds that have been in your account for two statement cycles. If the funds in the account are seasoned your most recent statement will not show any unusual deposits. The corollary is that you do not want to be transfering funds between accounts just before you get a loan. If you transfer funds you will have to provide the entire paper trail from the withdrawal to the deposit. This can get very frustrating.