Refinancing Tips · April 7, 2025
What Documents Do You Need to Refinance Your Mortgage?
Gathering the right documents before you apply speeds up the refinance process significantly. Here is the complete checklist for 2025.
A complete document package at application is the single biggest factor in how fast your refinance closes. Here is exactly what you need.
Income Documentation
W-2 Employees: Last 2 pay stubs (most recent), last 2 years of W-2 forms, last 2 years of federal tax returns (all pages and schedules).
Self-Employed Borrowers: Last 2 years of personal tax returns (all pages, all schedules), last 2 years of business tax returns (all pages), year-to-date profit and loss statement, business bank statements (typically 12-24 months).
Retirement Income: Social Security award letter or most recent SSA-1099, pension award letter, most recent 2 months of retirement account statements.
Rental Income: Current executed leases for all rental properties, last 2 years of Schedule E from tax returns.
Asset Documentation
Last 2 months of bank statements (all pages — including blank pages). Last 2 months of investment account statements. Most recent retirement account statements (401k, IRA).
Property Documentation
Most recent mortgage statement (showing current balance and payment). Current homeowners insurance declarations page. HOA statement if applicable. Copy of your current note (loan officer can help obtain if needed).
Credit and Identity
Government-issued photo ID. Social Security number (for credit pull).
Tips for Faster Processing
Gather all pages of every statement — even blank pages. Provide documents in PDF format when possible. Respond to lender requests same-day. Avoid making large deposits without documentation during the process.
HMS processes refinances efficiently. Gather your documents and call 309-222-8286 to start.