How To Get PreApproved To Buy An Investment Property

Investment Properties: What Documents Do I Need?

Are you looking into a purchasing investment properties? Your Mortgage Broker will give you a list of everything they need from you. It will mostly include the same items you need for a Conventional Loan – However, its always smart to know what your getting into ahead of time. Here is a list of the documents you will need to start gathering for your Lender. They may request others, but these are the most common:

Identification

• Driver’s License, Passport or other State/Federal issued ID

Income

• Paystubs for last 30 days
• Federal Tax Returns for last 2 years
• W-2s for last 2 years
• Proof of any additional income (SS, Alimony, etc)

Accounts

• Last 2 statements on all bank accounts
• Statements for all investment and/or retirement accounts

Property

• Settlement statement from previous sale (if applicable)
• Recent mortgage statements & proof of insurance for all your properties
• Current leases for all rental properties you own

Additional Documents

• Contact info for Landlords for last 2 years (if applicable)
• Divorce Decree/Separation Agreement (if applicable)
• Gift Letter if a family member is helping you with down payment 
• Letter of explanation for any late payments, collections, judgements or other negative items on your credit report