Are you a salaried employee, hourly, self-employed, or a contractor?

Do you receive bonuses, commissions, or overtime? How consistent is that income?

Can you provide recent pay stubs, W-2s, or tax returns?

Self-Employment (if applicable):

How long have you been self-employed?

Can you provide two years of business tax returns and profit/loss statements?

🔹 Funds to Close Questions

Lenders want to confirm you have enough money to cover the down payment, closing costs, and reserves. Questions may include:

Source of Funds:

How much money do you have saved for the down payment and closing costs?

Where are these funds coming from (savings, checking, retirement account, gift, etc.)?

Are you receiving any gift funds? If so, from whom?

Asset Documentation:

Can you provide bank statements from the past 2–3 months?

Are there any large or unusual deposits? Can you explain them?

Reserves:

Do you have additional savings left after closing (reserves)?

Can you show evidence of other assets (stocks, bonds, retirement)?

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