Checklist of Documents needed for Loan Modification

The following applicable documentation must be provided in order to determine eligibility for Home Affordable Modification Program Request.

1. Income Documentation:

For each borrower who is a salaried employee:

• Copy of the most recent filed federal tax return with all schedules; and
• Copy of the two most recent pay stubs.

For each borrower who is self-employed:

• Copy of the most recent filed federal tax return with all schedules, and
• Copy of the most recent quarterly or year-to-date profit/loss statement.

For each borrower who has income such as social security, disability or death benefits, pension, public assistance, or unemployment:

• Copy of most recent federal tax return with all schedules and W-2 or copies of two most recent bank statements.
• Copy of benefits statement or letter from the provider that states the amount, frequency and duration of the benefit.

For each borrower who is relying on alimony or child support:

• Copy of divorce decree, separation agreement or other written agreement or decree that states the amount of the alimony or child support and period of time over which it will be received
• Proof of full, regular and timely payments; for example deposit slips, bank statements, court verification or filed federal tax return with all schedules.

For each borrower who has rental income:

2. Assets Documentation:

For each borrower whether separately or jointly (if not applicable in Income section):

3. Other Documentation:

• Most recent Mortgage Statement for all properties owned and financed
• Most Recent Property Tax Bill for all properties owned
• Copy of Declarations for property insurance (all properties owned)
• Condo Association payment information if applicable
• Debt and Household Expense Information