Which of the following documents might be required to assess the financial situation of a self-employed individual?

Signed personal tax returns for the last three years are a crucial document for assessing the financial situation of a self-employed individual. These tax returns provide a comprehensive view of the individual's income, expenses, and overall financial health over a significant period. Lenders and mortgage professionals examine these documents to verify the income reported, assess stability and consistency, and understand the self-employed individual's ability to manage their financial obligations.

Personal tax returns reflect not just the individual’s earnings but also highlight any deductions or credits that can impact net income. This allows for a more accurate assessment of the applicant's financial situation, which is particularly important for self-employed individuals who may not have a straightforward salary history like traditional employees.

Other documents, while potentially useful, do not provide as direct or comprehensive an overview of financial stability. For instance, personal references and bank letters may offer some context but lack the detailed financial information needed for a thorough assessment. A business's social media presence or past performance reviews does not typically reflect financial status or income, making them less relevant for the purpose of assessing mortgage eligibility.