The following documentation should be provided by each applicant with your application: (Clear copies and faxes are acceptable.)

• Most recent two years W-2's
• Consecutive pay stubs covering the most recent full month
• Three most recent monthly statements for all depository accounts including checking, savings, money market, certificates of deposit, etc.
• Most recent quarterly statements for brokerage accounts, 401k plans, pension plans, IRAs, etc.
• Name, address, and phone number of current/previous landlord(s) for past 24 month period (if applicable)
• Copy of Agreement of Sale (this applies to purchase transactions only)
• Copy of Deed or Legal Description, if readily available
• Copy of current Homeowners Insurance Policy OR name and phone number of Insurance Agent
• Copy of current Mortgage Monthly Statement or name, account # and customer service # of current Mortgage Company. (if refinancing)

Special Cases (If Applicable)

• Self-Employed or Commissioned Borrowers: Copy of the past 2 years Federal 1040 Tax Returns including all schedules and/or copies of the past 2 years Corporate or Partnership Tax Return including all schedules.
• Rental Income: Copy of Leases or Rental Agreements for all properties.
• Construction Loans: Copy of construction contract, blueprints, and detailed builder specifications.
• Divorce: Copy of Divorce Decree and Separation Agreement. Also, any settlement or other documentation showing your right (or obligation) to receive (or pay) alimony or child support.
• Bankruptcy: Petition and all paperwork for bankruptcy including Discharge of Debtor documentation.
• Gifts: Signed gift letter from each donor furnishing funds for the transaction stating the gift amount and that the funds are a gift with no repayment required. Please call for details.
• Employment Gaps: Signed letter explaining any employment gaps during the last 24 month period.
• Stated Income: These programs require limited documentation. Please call for details.

NOTE: IF YOU ARE MISSING ONE OR MORE ITEMS, IT IS BETTER TO SUBMIT WHAT YOU HAVE AND FAX THE ADDITIONAL DOCUMENTATION LATER. Fax to (215) 754-4496 or email processing@kbmortgagellc.com