Requirements — Paystubs
The paystub must be dated no earlier than 30 days prior to the initial loan application date and it must include all year-to-date earnings. Additionally, the paystub must include sufficient information to appropriately calculate income; otherwise, additional documentation must be obtained.
Paystubs must comply with B1-1-03, Allowable Age of Credit Documents and Federal Income Tax Returns.
Documents must be computer-generated or typed by the borrower’s employer(s), although paystubs that the borrower downloads from the Internet are also acceptable. Documents must clearly identify the employer’s name and source of information.
The documents must clearly identify the borrower as the employee.
The information must be complete and legible.
The original source of the information must be a third party, such as the borrower's human resources department, personnel office, payroll department, company's payroll vendor, or supervisor.
For additional information, see B3-3.1-02, Standards for Employment Documentation.