To process your refinancing application with MPOWER, you will need several key documents. Here's a breakdown:
Identification documents
- Proof of ID: Upload a clear and valid copy of your passport or a government-issued photo ID from your country of citizenship.
- Additional requirements by status
- U.S. permanent resident: Provide your Green Card or EAD card.
- DACA: Submit your EAD card with the "C33" category mentioned.
- Refugee/Asylee: Include your EAD card with categories like C08, A03, A04, or A05.
Existing loan documents
- Payoff statement: Submit a payoff statement for the loan you wish to refinance. Ensure it is valid for at least 15 business days to allow processing time.
- Banking details: Include your beneficiary account number, bank-specific routing number, and country-specific routing numbers such as IBAN.
- Additional debts: If applicable, provide the most recent statements for other loans or debts, showing your full name, outstanding balance, interest rate, bank information, and terms.
School Documents: Submit your diploma or final transcript indicating your graduation date.
Employment documents
- Job offer letter: Provide a copy of your job offer letter.
- Pay stubs: Submit your most recent 3-month pay stubs.
- Employment verification: Additional employment and salary verification may be required.
Address proof documents (acceptable documents include):
- Utility bills (e.g., electricity, water, gas) or insurance company bills.
- Signed lease agreements.
- Bank statements or loan documents.
- Physical letters from your university (e.g., admission letter).
- Government-issued photo ID or document.
- Property tax bills or income tax returns.
If residing with a family member or friend, provide their ID and complete the MPOWER Relationship Declaration Form.
Living cost documents - Proof of rental details: Provide a rent receipt or lease agreement listing your name.
Tips: Ensure documents are valid and issued within the last 90 days (except for ID, admission letters, and lease agreements).