Question 1

What documents do Utah lenders require?

Accepted Answer

Utah mortgage lenders typically require: ID, 2 months of bank statements, 30 days of pay stubs, 2 years of W-2s and tax returns, employment verification, and property-related documents (sales contract, HOA info if applicable). Self-employed borrowers need additional business documentation.

Question 2

How many months of bank statements?

Accepted Answer

Most lenders require 2 months of bank statements for all checking and savings accounts. If you have large deposits, you may need to provide additional statements or documentation to explain the source of funds.

Question 3

Do I need tax returns for a mortgage?

Accepted Answer

Yes. Lenders typically require 2 years of federal tax returns (and sometimes state returns) to verify your income. Self-employed borrowers may need additional years. W-2 employees can sometimes use W-2s and pay stubs instead, but tax returns are often requested.

Question 4

What if I'm self-employed?

Accepted Answer

Self-employed borrowers need profit/loss statements, business tax returns (typically 2 years), and possibly 1099s. Lenders may require year-to-date profit and loss statements. We work with many self-employed clients and can guide you through the documents needed.

Paperwork You'll Need

Your Document Checklist

Identification & Personal

Financial Accounts

Income Verification

Employment

Property-Related

Additional (If Applicable)

Pro Tip

Please Note

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