Mortgage Application Checklist

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The mortgage documentation process can seem overwhelming, but I am here to guide you through it and make it as stress free as possible! In order to get started, here is a basic list of items that will be required for all loans:

  • Last 2 Years of Filed Federal Tax Returns with All Pages

  • Last 2 Years of W2s, K1s and 1099s

  • Last 30 Days of Paystubs

  • Last 2 Months of Official Bank Statements with All Pages

 

This is a complete this that will apply to most mortgage situations:

 

  • DRIVER’S LICENSE

  • FOR HOME PURCHASE LOANS:

    -Sales contract with original signatures, along with a copy of the earnest money check

  • RESIDENCY:

    -Complete address for each residence you’ve resided at during the past 24 months-For renters: landlord information (name, address, and phone)

  • EMPLOYMENT:

    -Names, addresses, and phone numbers of all employers for the past two years

    -Relocation: Copy of employer’s relocation agreement

  • VA LOANS:

    -Copy of DD214s and Certificate of Eligibility

  • INCOME:

    -Past two years W-2 or 1099 forms

    -Last 30 days pay stubs

    -Past two years complete tax returns

    -Award letters for social security

    -Award letters for retirement/pension incomes

    -Court order for child support

  • ASSETS:

    -Two months original bank statement (all pages) on all checking, savings, credit union, and investment accounts (including retirement)

  • CURRENT LIABILITIES:

    -Current balance and minimum monthly payments

  • DIVORCED OR SEPARATED PERSONS:

    -Complete divorce petition, signed, recorded final decree, and/or separation agreement

  • RENTAL PROPERTIES:

    -Copies of current leases and tax returns

    -Copy of insurance declaration page

    -Copy of real estate tax bill

    -Copy of mortgage statement if property is financed

  • FOR REFINANCE LOANS:

    -A copy of the warranty deed and any current mortgage and/or bill payoff information (copies of last statements)

    -A copy of the current tax and home insurance expenses, along with a copy of the survey and owner’s title insurance policy