Navigating the Non-Qualified Mortgage (Non-QM) loan application requires thorough documentation to support your unique financial circumstances. Whether you’re a non-permanent resident, self-employed individual, or investor focused on cash flow, Cazle Mortgage offers specialty lending solutions designed to provide flexibility and meet your specific needs. Here’s a comprehensive checklist of documents you may need:

Personal Identification

• Valid government-issued ID (e.g., driver’s license, passport, or state ID)

Income Documentation

• W-2 Forms (if applicable): For traditional employment, provide your most recent W-2 forms covering the past two years.
• 1099 Forms (if applicable): For self-employment or freelance income, include 1099 forms for the past two years.
• Profit and Loss Statements: If self-employed, provide profit and loss statements (P&L) for the past two years.
• Bank Statements: Provide personal and business bank statements for the past 12-24 months to verify income and assets.
• Tax Returns: Personal and business tax returns for the past two years, including all schedules (e.g., Schedule C for sole proprietorships).

Asset Verification

• Bank Statements: Recent statements for all accounts (checking, savings, investment accounts) to verify liquid assets and reserves.
• Investment Account Statements: Include statements for retirement accounts, stocks, bonds, or other investments.

Employment Verification (if applicable)

• Employment Verification Letter: Provide a letter from your employer confirming your position, income, and length of employment.
• Pay Stubs: Most recent pay stubs covering the past 30 days.

Credit Documentation

• Credit Report: Authorization for the lender to obtain a copy of your credit report, detailing your credit history and scores.
• Explanation of Credit Issues: If applicable, provide a written explanation for any derogatory credit items or significant fluctuations in credit history.

Property Information (for Purchase)

• Purchase Agreement: Signed copy of the purchase agreement outlining terms and conditions of the property purchase.
• Property Appraisal: A copy of the property Appraisal report conducted by a licensed appraiser.

Additional Documentation (if applicable)

• Non-Permanent Resident Documentation: For non-U.S. citizens, provide documentation of legal residency status and employment authorization (e.g., visa, work permit).
• Rental Income Verification: If purchasing an investment property, provide lease agreements and proof of rental income.
• Gift Letter: If using gift funds for the Down Payment or Closing Costs, include a signed gift letter from the donor.

Consultation with Cazle Mortgage: Our experienced mortgage consultants are here to guide you through the Non-QM loan process. Contact us today to schedule a consultation and discuss your specific documentation requirements. We specialize in providing personalized lending solutions tailored to your financial goals and unique circumstances.