No W2, No Problem

 In Qualifying for a Mortgage

If you are a W2 employee, one of the documentation requirements to get approved for a mortgage is the previous year’s W2.  Employers are not required to issue W2s until the end of January, so how do you get approved for a mortgage if you don’t have your W2 yet, and your employer won’t give it to you until the end of the month?

Here’s all you need to know.

If you don’t have your W2 yet, and your employer is not yet required to give it to you, the only thing we need to prove your income from the previous year is your final pay stub for 2019.  That will show your year-to-date income, which in this case, will be the entire year’s income. It will have the same income information as the W2 you don’t have yet.

So, relax if you want to close on a mortgage in the early part of the year and you don’t have your W2.  We make things as easy as possible for you when you use us as your lender. That’s why we close all of our loans.  Contact us today and see how easy it is to get approved for a mortgage.

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