Wednesday, December 30, 2009

"I Don't Have My W-2 Yet and I Need a Mortgage!"

“I don’t have my W-2 yet. Can I still get a mortgage?” We are asked this question every January by nervous buyers.

No need to worry. The final pay stub of the year is acceptable proof of income and past employment, provided it includes the year-to-date income, which will be the same as the income reported on the W-2.

If the pay stub does not include the year-to-date income, then we can have a verification of employment form completed by the employer.

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