Full documentation loan

In the United States, full documentation loan refers to a loan where all income and assets are documented. It is typically referred to as a "full doc" loan in the mortgage industry and is a common type of loan used for financing a home purchase.

Required documentation
Below is a list of some of the documents that are commonly required when applying for a full documentation loan.

Income verification

 * Proof of Earnings:
 * W-2 form
 * Recent pay stub
 * Tax returns for the past two years
 * Proof of Earnings (if self-employed):
 * Profit and loss statements
 * Tax returns for current year and previous two years
 * Any additional income; for example:
 * Social Security
 * Overtime bonus
 * Commission
 * Passive income (interest income)
 * Veteran's Benefits

Asset verification

 * Address of one's bank branch
 * Bank account numbers
 * Checking and savings account statements for the previous 2–3 months
 * Savings bonds, stocks or investments and their approximate market values
 * Copies of titles to any motor vehicles that are paid in full

Debt information

 * Credit card bills for the past few billing periods
 * Other consumer debt; for example:
 * Car Loans
 * Furniture Loans
 * Student Loans
 * Other personal and cosigned installment loans with creditor addresses and phone numbers
 * Evidence of mortgage and/or rental payments
 * Copies of alimony or child support

Information regarding desired purchase

 * Copy of the Ratified Purchase Contract
 * Proof one is committed to the purchase
 * Cancelled deposit check