What if I have a pension or Social Security income?

For any pension income, provide all of the following:

  • Pension award letter that includes the benefit amount. The letter must state that the benefit will continue at least three years from the date of the new mortgage.
  • Bank statements for the most recent two months showing receipt of pension income.
  • Miscellaneous Income Form (IRS Form 1099) for the pension income for the two most recent tax years.

If you receive Social Security income, provide all of the following:

  • Social Security Benefit Statement (Form SSA-1099) for the most recent tax year.
  • Bank statements for the most recent two months proving receipt of Social Security benefit.

If you receive Social Security Disability Income, provide all of the following:

  • Social Security Disability award letter confirming income will continue for at least three years after the date of the mortgage application. If no award letter is available, we will accept a letter from a physician confirming the disability is permanent.
  • Bank statements for the most recent two months proving receipt of Social Security Disability Income.
  • Social Security Benefit Statement (Form SSA-1099) for the disability income for two most recent tax years.

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