Use this checklist to gather the documents you’ll need when applying for a home equity loan.
Documentation requirements vary based on employment type.
For W2 Employees:
[ ] Recent pay stubs (last 30 days)
[ ] W2 forms (last 2 years)
[ ] Federal tax returns (last 2 years, if required)
[ ] Employment verification letter or contact details
[ ] Bank statements (2-3 months)
[ ] Mortgage statement and property tax information
[ ] Valid government-issued ID
For Self-Employed / 1099 Contractors:
[ ] Personal and business tax returns (last 2 years)
[ ] Year-to-date profit and loss statement
[ ] Bank statements (personal and business, last 2-3 months)
[ ] 1099 forms (if applicable)
[ ] CPA letter verifying self-employment
[ ] Business license (if applicable)
[ ] Valid government-issued ID
For All Applicants:
[ ] Current credit report (lender will typically pull this)
[ ] List of all current debts and monthly obligations
[ ] Estimate of your home’s value