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Required Documents

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Streamlined documentation

Knowing which documents are required for each loan type is key to saving time and money. Chicago Bancorp DirectT has integrated its automated underwriting into this web site. The benefit for our customers? Less documentation required than traditional lenders to formally process your loan.

• Purchase Transactions (for fully documented loans)
  
  • Sales Contract - copy
  • Earnest money checks - copy
  • Salaried borrower
    Last years W2s
    Last 30 days printed paystubs to include YTD earnings
    Last 2 months of all assets accounts (checking, savings stocks, etc.)
  
  
  • Self-employed borrower
    Last 2 years 1040s (all schedules)
    Last 2 months of all assets accounts (checking, savings stocks, etc.)
    Last 2 years Corporate Tax Returns (With all Schedules & K 1's )
    YTD. Profit and Loss Statement (Certified)
    

• Refinance Transactions (for fully documented loans)
  • Current homeowners policy
  • Current mortgage statement (not required)
  • Salaried borrower
    Last years W2s
    Last 30 days printed paystubs to include YTD earnings
    Last 2 months of all assets accounts (checking, savings stocks, etc.)
  
  
  • Self-employed borrower
    Last 2 years 1040s (all schedules)
    Last 2 months of all assets accounts (checking, savings stocks, etc.)
    Last 2 years Corporate Tax Returns (With all Schedules & K 1's )
    YTD. Profit and Loss Statement (Certified)
    

Note: documentation required may be significantly less if your profile meets our automated underwriting standards

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