Mortgage Application Checklist
Mortgage Application Checklist
When you’re ready to apply for a mortgage, you’ll want to make sure to submit all the required documents to avoid delays. A list of what you will need is below.
Basic Information:
- Application fee check
- Social Security number
- Valid Photo ID
- Residence addresses (past two years)
- Copy of a divorce decree (if applicable)
- Copy of your green card (if applicable)
Property Information (if you have a home contract):
- Purchase Agreement
- MLS sheet and legal description
- A copy of the listing contract (if you are selling your current home)
- A copy of the settlement statement (if you’ve sold your home)
Income and Assets Information:
- Pay stubs (last 30 days)
- W2 forms and work addresses for present and past employers (past two years)
- Bank statements (past 3-6 months)
- Total estimated value of personal property
- For large account deposits: deposit source and explanation statement
- For a gifted large account deposit: a gift letter, a copy of the check, and a deposit receipt
Tax and Income Information:
- Corporate tax returns (if you own 25% or more of a business)
- Personal tax returns (three years’ worth and a year-to-date profit and loss statement if you’re self-employed)
- Rental property tax returns for the past two years, plus current rent agreements
- Pension Award Letter (if applicable)
- Social Security Award Letter (if applicable)
- Proof of additional income (such as child support)
Debt Information:
- Current loans
- Recent credit report
And lastly, if you have VA loans:
- Report of Separation
- Copy of your DD Form 214
When you’re ready to apply for a mortgage, you’ll want to make sure to submit all the required documents to avoid delays. A list of what you will need is below.
Basic Information:
- Application fee check
- Social Security number
- Valid Photo ID
- Residence addresses (past two years)
- Copy of a divorce decree (if applicable)
- Copy of your green card (if applicable)
Property Information (if you have a home contract):
- Purchase Agreement
- MLS sheet and legal description
- A copy of the listing contract (if you are selling your current home)
- A copy of the settlement statement (if you’ve sold your home)
Income and Assets Information:
- Pay stubs (last 30 days)
- W2 forms and work addresses for present and past employers (past two years)
- Bank statements (past 3-6 months)
- Total estimated value of personal property
- For large account deposits: deposit source and explanation statement
- For a gifted large account deposit: a gift letter, a copy of the check, and a deposit receipt
Tax and Income Information:
- Corporate tax returns (if you own 25% or more of a business)
- Personal tax returns (three years’ worth and a year-to-date profit and loss statement if you’re self-employed)
- Rental property tax returns for the past two years, plus current rent agreements
- Pension Award Letter (if applicable)
- Social Security Award Letter (if applicable)
- Proof of additional income (such as child support)
Debt Information:
- Current loans
- Recent credit report
And lastly, if you have VA loans:
- Report of Separation
- Copy of your DD Form 214