Documents Needed for a VA Loan Process

By | January 15, 2018

DOCUMENTS NEEDED TO APPLY FOR A VA HOME LOAN

The most important thing to recognize is the loan approval process is 100% dependent on documentation. Documents apply to which program you are applying for: (P) Purchase (C) Cash-out (S) Streamline % Rate Reduction

VA Eligibility Information

DD214 (P) (C)

Employment Information

Most recent two years’ complete tax returns with all schedules (P) (C) (Only if you receive overtime income)
Most recent two years’ W-2’s, 1099s, etc. (P) (C)
Most recent pay stubs, covering one month’s time (P) (C)
If applicable, self-employed will need two years’ tax returns and YTD profit & loss statement

Bank Account Information

Most recent months’ complete bank statement (P) (C)
Must reflect deposits for VA, Disability, Retirement Income, Social Security

Credit Information

Most recent statements for your bills, indicating minimum payments and account numbers (C)
Name, Address, and phone number for your landlord, or 12 months’ canceled rent checks (P)
If applicable: Should you have no credit, copies of your most recent utility bills will be needed (P)
If applicable: Copy of complete bankruptcy and discharge papers (P)(C)
If applicable: If you co-signed a mortgage, car, credit card, etc., 12 months’ canceled checks, front and back, indicating you are not making payments (P) (C) (Depends on debt ratios)

Personal Information

Copy of your driver’s license (P) (C) (S)
Copy of Social Security card (P) (C) (S)
If applicable: Copy of complete divorce, palimony, alimony papers (P) (C) (S)
If applicable: Copy of Green Card (P) (C) (S)