Mortgage Application Checklist

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

• Government Picture ID

• Last 2 Years of W2s, K1s and/or 1099s

• Last 30 Days of Paystubs

• Last 2 Months of Official Banking & Investment Account Statements with All Pages

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

• GOVERNMENT PICTURE ID

• 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 (include business returns, if applicable)

  – 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

• RETAINED PROPERTIES:

  – Copies of current leases and tax returns

  – Copy of insurance declaration page

  – Copy of property tax bill

  – Copy of mortgage statement if property is financed
  – Most Recent Homeowner’s Association Bill

• FOR REFINANCE LOANS:

  – A copy of the 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 your owner’s title insurance policy (if available)