How many paystubs are generally required for a mortgage application?

For a mortgage application, it is standard practice for lenders to request the most recent pay stubs covering the last 30 days. This timeframe allows the lender to verify the borrower’s current income and employment status accurately, ensuring that the financial data reflected in the application is up-to-date. By looking at the most recent pay stubs, lenders can assess any potential fluctuations in income, additional deductions, or changes in employment that may impact the borrower's ability to repay the loan. This requirement helps create a more comprehensive picture of the applicant's financial situation at the time of application.

Other options may extend the timeframe but typically do not align with common mortgage lending standards. The emphasis on the last 30 days strikes a balance between sufficient data to assess the borrower's financial stability while also ensuring the information is relevant and reflective of their current circumstances.