Mortgage Loan Application Checklist

While specific circumstances may vary in general the following items and documentation will be required to successfully apply for a or obtain pre-approval for a  mortgage loan:

Application

• Complete mortgage loan application
• Check check fee
• Property appraisal fee

Income & Assets

• Name and address for each employer for past two (2) years
• Pay stub for the last 30 days
• W-2
• Banks, mutual find and/or investment statements last three (3) months
• Estimated personal property value
• Source of down payment
• Sign gift letter (we will provide as applies)
• Copy of gift check
• Copy of deposited gift check receipt

Self-Employed or 25% Business Ownership

• Corporate, partnership or limited-liability company tax returns last two (2) years
• Tax returns for last two years (with all schedules)
• Year-to-date Profit and Loss Statement prepared by an accountant

Own Rental Property

• Rental agreements
• Income statement
• Tax returns for the last two (2) years

Retired or Social Security

• Pension award letter
• Social Security award letter
• Other income verification letter

Counting Child Support As Income

• Copy of court child support order
• Copy of three (3) months child support checks

VA Loans

• Copy of DD Form 214, Report of Separation

Other Requirements

• Government issued photo ID or Passport
• Copy of Social Security number
• Residence address for past two (2) years
• US citizen or one of the below
• Copy of green card
• Copy of ITIN – Individual Taxpayer Identification Number

 

All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction. Not all loan programs are available in every state.