The Process for a JUMBO reverse mortgage includes a financial assessment and requires full documentation.
Copy of California Drivers License(s).
Copy of Social Security Card or Medicare Card.
Recent paystubs covering the last 30-day period (if applicable / if working)
Social Security Awards Letter. If you can not find it; you can order one from Social Security over the phone or you can go to your local Social Security office and order one there. You will get it in about 10 days.
W-2 and or 1099 for the most recent two years (only if you are still working).
Tax returns, all pages and schedules, for the most recent two years (only if you own other properties).
Any additional income documentation. (if applicable).
Bank Statements (checking & savings) for the most recent two months, all pages.
The most recent statements for any retirement or investment account.