What documents are required for a mortgage application with NationStar?

When applying for a mortgage with NationStar, several documents are typically required to support the application process. Although specific requirements may vary based on individual circumstances and the type of loan being pursued, there are common documents that most applicants will need to submit. First, proof of income is essential. This usually includes recent pay stubs, W-2 forms from the previous two years, and possibly tax returns if self-employment income is involved. If the applicant has additional sources of income, such as bonuses or commissions, documentation for those may also be necessary. Second, proof of assets is vital for demonstrating the ability to cover a down payment and closing costs. This may entail bank statements from the previous few months, retirement accounts, and any other investment documents. Third, personal identification is required. Applicants must provide a government-issued photo identification, such as a driver's license or passport. Lastly, applicants may need to submit information regarding their debts and liabilities. This can include mortgage statements, credit card statements, auto loans, and any other outstanding loans. It is important for applicants to check directly with NationStar’s website for the most accurate and up-to-date documentation requirements, as they can change and may also vary based on loan types and specific borrower situations. Ensuring that all necessary documents are prepared in advance can facilitate a smoother application process.