In order to fully assist you, First Guaranty Mortgage Corp (FGMC) is going to need to reference some important documents. You might want to start with your W-2 forms and federal tax returns for the past 2 years, year-to-date pay stubs, documentation of additional income, investment records, debt/creditor records and cancelled mortgage/rent checks.
Listed below are some documents that may be required during the mortgage application process (some loan programs may require additional
information). To get the ball rolling and make the entire application process much smoother, you can get a jump start on organizing them before you speak with your FGMC mortgage professional. Remember to make a copy of everything, and keep the original documents in a safe place.
Employment Information
In order to verify your employment, FGMC may require the names, addresses and telephone numbers of all your employers for the last two years. If you are self-employed, your business records and tax returns for the last two years may be requested.
W-2 Forms
Your W-2 form is sent from your employer and used to file your income taxes. Generally, you will need to produce your W-2s for the past two years.
Pay Stubs and Additional Income
It is important to save your pay stubs, for at least a 30-day period before your mortgage application. Documentation of additional income information, such as Social Security, pension, interest or dividends, rental income, child support, alimony, and self-employment income may also be requested.
Federal Income Tax Returns
If you are self-employed, or more than 25% of your income comes from commission, overtime or bonuses, you may need to provide complete copies
of federal income tax returns you filed for the two most recent years.
Account Statements
You may need to provide statements from all of your accounts (checking, savings, mutual funds, money markets, certificates of deposits, 401k or other retirement accounts) for the last two months to verify the funds available for your down payment.
Current Debts
Be prepared to provide the account numbers, current balances and the minimum monthly payments of all credit accounts, such as loans, credit cards, child
support and other payments you make each month.
If you have any questions regarding documentation requirements, please feel free to call the Marshall Reddick toll free number at 888-296-7000.