Sign On
During the homeowner assistance process, you may need to submit a variety of documents to help us understand your financial situation. To learn more about individual documents, and to download copies of selected forms, choose from the links below. You won’t need to provide all the documents listed here — your home preservation specialist will let you know which ones may be required.
Tips for a smoother application process
- Make sure documents are clear and legible.
- Don't alter any pages (no strikethroughs, cross-outs, etc.).
- Send all pages, even the blank ones.
- Hardship Explanation
- Income Verification
- Assets and Liabilities
- Authorizations and Certifications
- See All Documents
These documents help us understand your financial situation and the reasons for your hardship. Your home preservation specialist will let you know which documents will be required in your situation.
Hardship Letter (Letter of Hardship)
You may need to explain in a letter why you’re having trouble paying your mortgage. You may be asked to provide this information if you can’t pay your loan due to:
- Illness
- Job loss
- Reduced income
- Overextended credit usage
The letter should also explain:
- The steps you’ve taken to avoid defaulting on your loan, such as cutting expenses or using savings
- The relief you’re requesting, such as a lower interest rate or reduced principal amount
Mortgage Assistance Application
If you’re applying for mortgage assistance, use this document to provide details about yourself, co-borrowers, and the property.
Mortgage Assistance Application with Expenses and Debt
Explains the reasons for your hardship and verifies information about you, co-borrowers, and the property. It also includes a form to list your expenses and debt.
These documents tell us about your income sources. You won’t need to provide all of them — your home preservation specialist will let you know which ones are needed in your situation.
IRS-related, income-verification documents
1099 (IRS Form 1099)
You may be asked to provide these forms to verify various types of income, including:
- Dividend/interest income (1099-INT or 1099-DIV)
- Most recent tax refund (1099-G)
- Independent contractor income (1099-MISC)
- Pension or retirement income (1099-R)
You may also be asked to provide copies of recent federal income tax returns (IRS 1040) or tax transcripts.
Reminder
- Send returns from all years requested (last 2 years, etc.)
Distribution Statements
Provide these documents to show income you receive from various accounts, such as:
- 401(k)
- IRA
- Annuity
- Profit-sharing
- Pension
- Disability plan
- Trust
- Other retirement plans
You may be asked to provide proof of distributions as part of the income verification process.
Acceptable proof of these distributions include:
- Statements
- 1099-Rs
- Award letters
Federal Tax Return (1040/1040EZ)
You may need to provide federal income tax returns (IRS Form 1040) and accompanying schedules and forms to verify your income from a variety of sources, including employment income, business expenses, and investment and retirement income, among others.
Reminder
- Include IRS form (1040, 2106, etc.) and any schedules (A, B, etc.)
- Make sure forms reflect years requested (last 2 years, 3 years, etc.)
- Sign and date your forms
IRS Form 4506-C and Borrower Consent Form
You may need to provide these forms to give Wells Fargo permission to request your tax return information, and to allow us to obtain, use, and share this information. It also authorizes the Internal Revenue Service (IRS) to provide a copy of a previously filed tax return.
You may be asked to sign, date, and return these forms, which give us permission to verify the income you reported to the IRS in prior years.
Reminder
- Your information on these forms, such as your name and address, must exactly match the information on your tax return
- You must sign and date the forms
W-2
Your W-2 verifies wages paid and taxes withheld by your employer for the previous calendar year.
You may be asked to provide a W-2 from the most recent year to verify monthly income. In some cases, you also may be asked to provide a previous year’s W-2.
W-8 (IRS Form W-8)
A W-8 is an Internal Revenue Service (IRS) form that verifies you are a nonresident alien who is exempt from certain withholding taxes on corporate dividends.
You may be asked to provide form W-8BEN (Certificate of Foreign Status of Beneficial Owner for the United States Tax Withholding) as part of the homeowner assistance process.
You may also be asked to provide other versions of the W-8 form, including:
- W-8ECI (Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States)
- W-8CE (Notice of Expatriation and Waiver of Treaty Benefits)
Income from employment or investments
Financial Statements (Profit-and-Loss Statements)
You may need to submit bank and tax statements to show self-employment income.
You’ll need to verify self-employment or independent-contractor income by providing your tax returns, a detailed financial statement, balance sheet, and up to 1 year’s worth of profit-and-loss statements. These documents cannot be prepared by an immediate relative, and may need to be prepared by a certified public accountant.
A copy of a recent business license or other proof that a business exists may also be required.
Pay Stub
You may be asked to send us a copy of any new pay stubs you receive while your application is being processed so that we have the most up-to-date information. We will tell you how many pay stubs are needed to confirm your income and if IRS W-2 forms or other documentation also are required. We may also ask for IRS W-2 forms from the previous 2 years.
If your income is seasonal, you may be asked to provide:
- 2 most recent federal tax returns
- A year-to-date pay stub or salary voucher showing at least 1 month’s income
- W-2s
If you’re self-employed, you may be asked to provide:
- Your most recent federal tax returns
- W-2s or most recent pay stubs, if applicable
- Corporate tax returns (IRS Form 1120) for requested years
Rental or Lease Income
A rental or lease contract provides information about the payment and terms for renting a property. You may need to submit bank statements or tax returns to show any income you receive from a rental property if the income is used to qualify for a loan.
Additional verification may include:
- Receipt of the tenant’s security deposit and verification of the deposit into your account
- 2 months of bank statements showing rental income deposits
- Most recent tax return with Schedule E if you’ve owned the property for 12 months or more
Income or expenses related to sources other than employment or investments
Benefits Letters
Submit a statement to verify income from sources other than employment or investments, such as:
- Disability insurance
- Social Security
- Unemployment
You may be asked to provide this information as part of the income verification process.
Acceptable proof of these payments include:
- Award letter
- Retirement fund providers’ statements
- Social Security statements
Canceled Checks
Canceled checks are checks that have been paid by the bank they are drawn on. After the money is deducted from your checking account, the bank will cancel the check, so it can no longer be used.
You may need to send copies of canceled checks to show expenses you have paid, such as divorce settlement, child support, or other required expenses. You may also be asked to obtain copies of canceled checks from other people that show how much they paid to you for these expenses.
Reminder
- Submit consecutive canceled checks for the required period (6 months, 1 year, etc.).
- Canceled checks demonstrating expenses or income must show the payee
- Check that they're dated and endorsed for deposit
Child Support
You may need to provide bank or tax statements to show any child support payments, which are court-ordered payments you receive to support your minor child or children due to a separation or divorce.
You may be asked to provide this information as part of the income verification process. Acceptable proof of these payments include:
- Separation agreement
- Divorce decree
- Bank statements showing regular deposits of child support payments
Contribution Letter (Non-Borrower Financial Contribution)
You may need to provide a letter from anyone living in your home to show the person’s contribution to its maintenance. This letter verifies how much someone living in your home is contributing to its upkeep, even if the person isn’t a named borrower on the mortgage.
You may be asked to provide this information as part of the homeowner assistance process.
Your home preservation specialist will tell you which form you need to complete for the type of loan you have.
FHA, VA, or USDA loans
If your loan is backed by the Federal Housing Administration (FHA) or the Veterans Administration (VA), use this form to submit your information.
Government-sponsored enterprise loans
If your loan is backed a government-sponsored enterprise loan (GSE), use this form to submit your information.
Non-government-backed loans
If your loan is backed by a private investor, use this form to submit your information.
Foster Care Contract
A foster care contract spells out the obligations of an institution, group home, or a state-certified person caring for a minor who has been made a ward of the state. This contract also specifies the amount of money the government will provide to the foster parent for the minor’s care.
You may need to verify financial arrangements for foster care with this document.
To verify this income, you may be asked to provide a letter from the agency administering the program and provide proof of a two-year work history with a prior or current agency.
Gift Funds (Gift Letter)
Gifts are money given to you that doesn’t need to be repaid. You may need to explain in a letter the source of funds you receive as gifts.
If you’re receiving gift funds to make a purchase, we will need to verify the funds are coming from an appropriate source — such as a relative, fiancé or fiancée, or a domestic partner — and in an appropriate manner.
Each gift requires a separate letter signed by you and the donor that provides all of the following:
- Donor’s phone number, including area code, and name and mailing address, including the street, city, state, and ZIP code
- Gift amount and verification of the gift funds transfer
- Recipient (must be you) and your relationship to the donor
- Address of property being purchased, including the street, city, state, and ZIP code
- Location of funds, either your or donor’s account; depository name, address, and account number
Guardianship (Conservator Agreement)
The conservator agreement is a written document that describes your legal responsibilities for handling the affairs of another person who is unable to act on their own behalf. You may need to provide this agreement to show you have the legal authority to act on someone else’s behalf.
You may be asked to provide legal documents verifying you have the authority to act on another’s behalf if you are:
- Acting and signing on behalf of a person not of legal age
- Representing someone who cannot legally make decisions or is unable to attend counseling or sign documents
Documents requested may include court documents that verify either durable power of attorney or legal authority to act as a conservator or guardian.
These documents help verify your assets and liabilities and give us insights into your financial situation. You won’t need to provide all the documents listed here — your home preservation specialist will let you know which ones are required in your situation.
Bank/Asset Statements
You may need to provide personal banking and brokerage statements to show details of activity in accounts, such as checking, savings, retirement, or those holding stocks, bonds, or other investments.
You may have to show statements for your checking and savings accounts or other assets (brokerage, retirement, etc.) to verify:
- Assets
- Income
- Source of large deposits (except paychecks)
Generally, you’ll need to provide the most recent 2 — 3 months of statements. Sometimes, you might be asked to provide the last 12 — 24 months, if you’re using statements to verify income, for instance.
Bill of Sale (Sales Contract) (Conveyance Contract)
A bill of sale is a document that details the transfer of personal property from a seller to a buyer. You may need to provide this document to show the sales price for personal property other than real estate.
Asset already sold
Make sure the documentation includes:
- Sale date and price
- Sold-asset description
- Buyer and seller signatures
- Copy of buyer’s check or bank statement verifying deposit of proceeds from the sale
Asset not yet sold
Make sure the documentation verifies:
- Proof of ownership
- Appraised value
- Buyer’s intent to purchase
The appraised value should be made by a qualified appraiser with no financial interest in the transaction.
Divorce Decree
This is a legal document certifying the termination of a marriage. You may need to submit this document to show your obligations under your divorce agreement for paying mortgages and other debts, along with various income agreements.
Some examples of this include:
- Proving debt payments have been assigned to another person
- Validating the transfer of property ownership
- Removal or buyout of a co-applicant from a property title
- Verifying income from child support, alimony, or separate maintenance payments if this income is used to qualify for a loan
Household Expenses and Debts
This is a breakdown of your monthly household expenses and debts.
You may be asked to provide this information as part of the homeowner assistance process.
Payoff Statement
Submit this statement to show how much principal, interest, and miscellaneous fees are needed to pay off your outstanding loans.
You may be asked to provide this document if you have loans with lenders other than Wells Fargo.
Property Tax Statement
This document from your county assessor shows tax charges, exemptions, abatements, and any tax credits you have on your property.
You may be asked to provide a property tax statement assessment, certificate, or bill, as well as verification of any homeowners association fees or special assessments, for all properties owned.
Real Estate Schedule (Real Property Schedule) (REO) (Schedule of Real Estate Owned)
Also called real estate schedule, real property schedule, or real estate owned (REO), this form verifies any properties you own, including income and expenses from each.
Owned properties include your primary residence, second home(s), rental properties, and land. You may be asked to provide supporting documentation to verify:
- Current property taxes and insurance
- Any rental income earned
- Monthly principal and interest mortgage payment
- The property is owned free and clear, if this is the case
Separation Agreement
The separation agreement verifies the legal separation, divorce, end of a civil union, or registered domestic partnership.
You may be asked to provide a legal separation agreement to validate:
- Division of assets and liabilities
- Receipt of income, such as child support and alimony, if this income is used to qualify for a loan
When no legal separation agreement exists, a letter from an attorney signed by both parties, or a letter from both parties specifying the proposed settlement terms also may be provided.
Trust Agreement
A trust agreement allows you to transfer assets to another person. You may need to provide this document as proof of a trust’s assets that can be used to make mortgage payments.
If a trust account, living (inter-vivos) trust, or land trust (Illinois only) is being used in a loan transaction, you may be asked to provide legal documents to verify assets, income, or title to the property, including:
- The trustee’s statement verifying the terms of trust and access by you
- Additional riders and assignment documents (at closing, for land trusts)
Note: The term of the trust agreement will last at least as long as the term of the security instrument.
All of the documents that might be needed during the homeowner assistance application process are provided here. You won’t need to send all of them — your home preservation specialist will let you know which ones are required in your situation.
1099 (IRS Form 1099)
You may be asked to provide these forms to verify various types of income, including:
- Dividend/interest income (1099-INT or 1099-DIV)
- Most recent tax refund (1099-G)
- Independent contractor income (1099-MISC)
- Pension or retirement income (1099-R)
You may also be asked to provide copies of recent federal income tax returns (IRS 1040) or tax transcripts.
Reminder
- Send returns from all years requested (last 2 years, etc.)
Attorney Consent Forms
If you’re an attorney, you may use this form to provide permission and inform us about how we can communicate with your client(s) during bankruptcy, mediation, or litigation proceedings.
This form can also be used if you don’t wish for us to communicate with your client(s), or if you no longer represent certain clients.
Bankruptcy
If you’re an attorney, you may use this form to tell us how we can communicate with your client(s) during the home preservation process if you are representing them during a bankruptcy.
Mediation or Litigation
If you’re an attorney, use this form to tell us how we can communicate with your client during the home preservation process if you are representing them during mediation or litigation.
Bank/Asset Statements
You may need to provide personal banking and brokerage statements to show details of activity in accounts, such as checking, savings, retirement, or those holding stocks, bonds, or other investments.
You may have to show statements for your checking and savings accounts or other assets (brokerage, retirement, etc.) to verify:
- Assets
- Income
- Source of large deposits (except paychecks)
Generally, you’ll need to provide the most recent 2 — 3 months of statements. Sometimes, you might be asked to provide the last 12 — 24 months, if you’re using statements to verify income, for instance.
Benefits Letters
Submit a statement to verify income from sources other than employment or investments, such as:
- Disability insurance
- Social Security
- Unemployment
You may be asked to provide this information as part of the income verification process.
Acceptable proof of these payments include:
- Award letter
- Retirement fund providers’ statements
- Social Security statements
Bill of Sale (Sales Contract) (Conveyance Contract)
A bill of sale is a document that details the transfer of personal property from a seller to a buyer. You may need to provide this document to show the sales price for personal property other than real estate.
Asset already sold
Make sure the documentation includes:
- Sale date and price
- Sold-asset description
- Buyer and seller signatures
- Copy of buyer’s check or bank statement verifying deposit of proceeds from the sale
Asset not yet sold
Make sure the documentation verifies:
- Proof of ownership
- Appraised value
- Buyer’s intent to purchase
The appraised value should be made by a qualified appraiser with no financial interest in the transaction.
Borrower’s Certification/Verification
Authorizes us to verify any information in your application through public, private, and government sources.
Use this form to certify that all of the information you’ve provided on your application is true and correct.
You may be asked to sign this form to certify that all of the information you've provided on your application is true and complete.
Canceled Checks
Canceled checks are checks that have been paid by the bank they are drawn on. After the money is deducted from your checking account, the bank will cancel the check, so it can no longer be used.
You may need to send copies of canceled checks to show expenses you have paid, such as divorce settlement, child support, or other required expenses. You may also be asked to obtain copies of canceled checks from other people that show how much they paid to you for these expenses.
Reminder
- Submit consecutive canceled checks for the required period (6 months, 1 year, etc.).
- Canceled checks demonstrating expenses or income must show the payee
- Check that they're dated and endorsed for deposit
Child Support
You may need to provide bank or tax statements to show any child support payments, which are court-ordered payments you receive to support your minor child or children due to a separation or divorce.
You may be asked to provide this information as part of the income verification process. Acceptable proof of these payments include:
- Separation agreement
- Divorce decree
- Bank statements showing regular deposits of child support payments
Contribution Letter (Non-Borrower Financial Contribution)
You may need to provide a letter from anyone living in your home to show the person’s contribution to its maintenance. This letter verifies how much someone living in your home is contributing to its upkeep, even if the person isn’t a named borrower on the mortgage.
You may be asked to provide this information as part of the homeowner assistance process.
Your home preservation specialist will tell you which form you need to complete for the type of loan you have.
FHA, VA, or USDA loans
If your loan is backed by the Federal Housing Administration (FHA) or the Veterans Administration (VA), use this form to submit your information.
Government-sponsored enterprise loans
If your loan is backed a government-sponsored enterprise loan (GSE), use this form to submit your information.
Non-government-backed loans
If your loan is backed by a private investor, use this form to submit your information.
Distribution Statements
Provide these documents to show income you receive from various accounts, such as:
- 401(k)
- IRA
- Annuity
- Profit-sharing
- Pension
- Disability plan
- Trust
- Other retirement plans
You may be asked to provide proof of distributions as part of the income verification process.
Acceptable proof of these distributions include:
- Statements
- 1099-Rs
- Award letters
Divorce Decree
This is a legal document certifying the termination of a marriage. You may need to submit this document to show your obligations under your divorce agreement for paying mortgages and other debts, along with various income agreements.
Some examples of this include:
- Proving debt payments have been assigned to another person
- Validating the transfer of property ownership
- Removal or buyout of a co-applicant from a property title
- Verifying income from child support, alimony, or separate maintenance payments if this income is used to qualify for a loan
Federal Tax Return (1040/1040EZ)
You may need to provide federal income tax returns (IRS Form 1040) and accompanying schedules and forms to verify your income from a variety of sources, including employment income, business expenses, and investment and retirement income, among others.
Reminder
- Include IRS form (1040, 2106, etc.) and any schedules (A, B, etc.)
- Make sure forms reflect years requested (last 2 years, 3 years, etc.)
- Sign and date your forms
FHA Borrower and Non-Borrower Contributor Acknowledgment form
Use this form when you want to include the income of a person who is not a borrower on the mortgage note (a non-borrower) and who currently lives in your home with you in your request for payment assistance.
FHA Borrower and Non-Borrower Contributor Acknowledgment Form (PDF)
Financial Statements (Profit-and-Loss Statements)
You may need to submit bank and tax statements to show self-employment income.
You’ll need to verify self-employment or independent-contractor income by providing your tax returns, a detailed financial statement, balance sheet, and up to 1 year’s worth of profit-and-loss statements. These documents cannot be prepared by an immediate relative, and may need to be prepared by a certified public accountant.
A copy of a recent business license or other proof that a business exists may also be required.
Foster Care Contract
A foster care contract spells out the obligations of an institution, group home, or a state-certified person caring for a minor who has been made a ward of the state. This contract also specifies the amount of money the government will provide to the foster parent for the minor’s care.
You may need to verify financial arrangements for foster care with this document.
To verify this income, you may be asked to provide a letter from the agency administering the program and provide proof of a two-year work history with a prior or current agency.
Gift Funds (Gift Letter)
Gifts are money given to you that doesn’t need to be repaid. You may need to explain in a letter the source of funds you receive as gifts.
If you’re receiving gift funds to make a purchase, we will need to verify the funds are coming from an appropriate source — such as a relative, fiancé or fiancée, or a domestic partner — and in an appropriate manner.
Each gift requires a separate letter signed by you and the donor that provides all of the following:
- Donor’s phone number, including area code, and name and mailing address, including the street, city, state, and ZIP code
- Gift amount and verification of the gift funds transfer
- Recipient (must be you) and your relationship to the donor
- Address of property being purchased, including the street, city, state, and ZIP code
- Location of funds, either your or donor’s account; depository name, address, and account number
Guardianship (Conservator Agreement)
The conservator agreement is a written document that describes your legal responsibilities for handling the affairs of another person who is unable to act on their own behalf. You may need to provide this agreement to show you have the legal authority to act on someone else’s behalf.
You may be asked to provide legal documents verifying you have the authority to act on another’s behalf if you are:
- Acting and signing on behalf of a person not of legal age
- Representing someone who cannot legally make decisions or is unable to attend counseling or sign documents
Documents requested may include court documents that verify either durable power of attorney or legal authority to act as a conservator or guardian.
Hardship Letter (Letter of Hardship)
You may need to explain in a letter why you’re having trouble paying your mortgage. You may be asked to provide this information if you can’t pay your loan due to:
- Illness
- Job loss
- Reduced income
- Overextended credit usage
The letter should also explain:
- The steps you’ve taken to avoid defaulting on your loan, such as cutting expenses or using savings
- The relief you’re requesting, such as a lower interest rate or reduced principal amount
Home Equity Request for Restriction
You may be asked to complete this form during the homeowner assistance process. Once a loan modification is approved, advances on your home equity account will no longer be permitted. This form gives us permission to restrict access.
Household Expenses and Debts
This is a breakdown of your monthly household expenses and debts.
You may be asked to provide this information as part of the homeowner assistance process.
IRS Form 4506-C and Borrower Consent Form
You may need to provide these forms to give Wells Fargo permission to request your tax return information, and to allow us to obtain, use, and share this information. It also authorizes the Internal Revenue Service (IRS) to provide a copy of a previously filed tax return.
You may be asked to sign, date, and return these forms, which give us permission to verify the income you reported to the IRS in prior years.
Reminder
- Your information on these forms, such as your name and address, must exactly match the information on your tax return
- You must sign and date the forms
Mortgage Assistance Application
If you’re applying for mortgage assistance, use this document to provide details about yourself, co-borrowers, and the property.
Mortgage Assistance Application with Expenses and Debt
Explains the reasons for your hardship and verifies information about you, co-borrowers, and the property. It also includes a form to list your expenses and debt.
Payment Assistance and Mortgage Assumption Terms Acknowledgment Form
Use this form when you want to acknowledge and agree to permit a successor in interest to assume liability for the mortgage note as part of a request for payment assistance. This will not release you from liability on the mortgage note.
Payment Assistance and Mortgage Assumption Terms Acknowledgment Form (PDF)
Payoff Statement
Submit this statement to show how much principal, interest, and miscellaneous fees are needed to pay off your outstanding loans.
You may be asked to provide this document if you have loans with lenders other than Wells Fargo.
Pay Stub
You may be asked to send us a copy of any new pay stubs you receive while your application is being processed so that we have the most up-to-date information. We will tell you how many pay stubs are needed to confirm your income and if IRS W-2 forms or other documentation also are required. We may also ask for IRS W-2 forms from the previous 2 years.
If your income is seasonal, you may be asked to provide:
- 2 most recent federal tax returns
- A year-to-date pay stub or salary voucher showing at least 1 month’s income
- W-2s
If you’re self-employed, you may be asked to provide:
- Your most recent federal tax returns
- W-2s or most recent pay stubs, if applicable
- Corporate tax returns (IRS Form 1120) for requested years
Personal Identification
You may need to provide an unexpired government-issued ID number to verify your identity on a loan application. Some examples include:
- Social Security number
- Individual Taxpayer Identification number
- Green card
- Foreign visa
- Foreign passport number and name of issuing country
- Alien identification card
For certain loan programs, or when additional verification is required, you may need to provide a passport, a driver’s license, or other government-issued photo ID to verify your identity.
Power of Attorney (POA) Affidavit
This document may be requested when a person is legally unable to make decisions, attend a meeting, or sign documents. When a transaction is handled by someone other than the person named on the documents, verification of POA is required. You may need to complete this form to authorize someone to act on your behalf in private affairs, business, or other legal matters with a POA.
The Power of Attorney Submission Cover Sheet and notarized Affidavit, along with the additional documentation listed in the PDF form below, are required to add a POA during the homeowner assistance process.
If a POA is being used in a transaction, you may be asked to provide court documents or a letter from a medical professional to verify level of authority or incapacitation, in addition to providing the POA document.
Proof of Occupancy
You may be asked to provide proof-of-occupancy documents during the homeowner assistance process to prove you’re living in your home and to verify your name and address. Documents include:
- Pay stubs
- Bank statements
- Utility bills
Property Tax Statement
This document from your county assessor shows tax charges, exemptions, abatements, and any tax credits you have on your property.
You may be asked to provide a property tax statement assessment, certificate, or bill, as well as verification of any homeowners association fees or special assessments, for all properties owned.
Real Estate Schedule (Real Property Schedule) (REO) (Schedule of Real Estate Owned)
Also called real estate schedule, real property schedule, or real estate owned (REO), this form verifies any properties you own, including income and expenses from each.
Owned properties include your primary residence, second home(s), rental properties, and land. You may be asked to provide supporting documentation to verify:
- Current property taxes and insurance
- Any rental income earned
- Monthly principal and interest mortgage payment
- The property is owned free and clear, if this is the case
Rental or Lease Income
A rental or lease contract provides information about the payment and terms for renting a property. You may need to submit bank statements or tax returns to show any income you receive from a rental property if the income is used to qualify for a loan.
Additional verification may include:
- Receipt of the tenant’s security deposit and verification of the deposit into your account
- 2 months of bank statements showing rental income deposits
- Most recent tax return with Schedule E if you’ve owned the property for 12 months or more
Separation Agreement
The separation agreement verifies the legal separation, divorce, end of a civil union, or registered domestic partnership.
You may be asked to provide a legal separation agreement to validate:
- Division of assets and liabilities
- Receipt of income, such as child support and alimony, if this income is used to qualify for a loan
When no legal separation agreement exists, a letter from an attorney signed by both parties, or a letter from both parties specifying the proposed settlement terms also may be provided.
Third-Party Authorization
Complete this form to authorize us to speak with others—including a real estate agent—about your loan application and your personal information related to the loan application.
Before signing this form, you should:
- Visit the U.S. Department of Housing and Urban Development website if you would like to receive free housing counseling.
- Beware of anyone who asks you to pay a fee in exchange for a counseling service or modification of a delinquent loan.
Trust Agreement
A trust agreement allows you to transfer assets to another person. You may need to provide this document as proof of a trust’s assets that can be used to make mortgage payments.
If a trust account, living (inter-vivos) trust, or land trust (Illinois only) is being used in a loan transaction, you may be asked to provide legal documents to verify assets, income, or title to the property, including:
- The trustee’s statement verifying the terms of trust and access by you
- Additional riders and assignment documents (at closing, for land trusts)
Note: The term of the trust agreement will last at least as long as the term of the security instrument.
W-2
Your W-2 verifies wages paid and taxes withheld by your employer for the previous calendar year.
You may be asked to provide a W-2 from the most recent year to verify monthly income. In some cases, you also may be asked to provide a previous year’s W-2.
W-8 (IRS Form W-8)
A W-8 is an Internal Revenue Service (IRS) form that verifies you are a nonresident alien who is exempt from certain withholding taxes on corporate dividends.
You may be asked to provide form W-8BEN (Certificate of Foreign Status of Beneficial Owner for the United States Tax Withholding) as part of the homeowner assistance process.
You may also be asked to provide other versions of the W-8 form, including:
- W-8ECI (Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States)
- W-8CE (Notice of Expatriation and Waiver of Treaty Benefits)
