GreenSky

Proof of Income & Homeownership Guidelines

Proof of Income Guidelines

If proof of income is requested for any application, the applicant, depending on their financial status, should provide the following:

  1. Persons Employed and Receiving W-2 from Employer
    • Most recent W-2 and
    • Two most recent paystubs
  2. Retired Persons
    • Most recent 1099-Retirement Benefits statement, or
    • Monthly or annual retirement statement, or
    • Most recent Yearly Award Letter for applicant’s receiving Social Security Benefits dated within one year of income verification, or
    • Most recent Yearly Award Letter for applicant’s receiving Social Security Benefits dated more than one year from the date of income verification and the applicant’s two most recent bank statements showing Social Security deposits.
  3. Self Employed
    • For applicants self-employed for more than two years, 1st two pages of last two annual tax return filings.
    • For applicants self-employed for less than two years, 1st two pages of most recent tax return and two most recent bank statements showing income from the business. Bank statements from the business account, if available, are preferred.
    • Applicants self-employed for less than one year will not be eligible for credit limit increases.
  4. Applicants who wish to have Disability, Child Support, or Alimony considered as part of income
    • Copy of official stamped reward letter or spousal support letter and
    • Two most recent bank statements showing deposits of disability, child support, or alimony payments

Proof of Homeownership Guidelines

If proof of ownership is requested for any application, the applicant, depending on their homeownership status, should provide the following:

  1. Mortgage statement, no more than one month old, in applicant's name, and with project address listed on statement, or
  2. Form 1098 Mortgage Interest Statement, no more than one year old, in applicant's name, and with project address listed on the statement, or
  3. Property tax bill, no more than one year old, in applicant’s name, and with project address listed on the bill, or
  4. Closing statement, no more than one year old, in applicants name, and with project address listed on the statement.

Important Reminders:

  1. Privacy and Security:
    • Account Numbers and Social Security Numbers may be redacted from any documents required for income verification.
  2. Bank Statements
    • All pages of bank statements must be provided.