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Mortgage Application Checklist

Mortgage Application Checklist

Documents Required

  • Personal check to pay for appraisal and credit report
  • Name and address of all employers for the last 2 years with dates of employment as well as the Human Resources office phone number
  • Account number(s), balance(s) and monthly payment(s) for all outstanding creditors: such as credit cards, car loans, student loans and signature loans
  • Previous addresses for the past two years
  • Photo ID. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account

Information that may be required

  • W-2 forms for last two years
  • Paycheck stubs covering the most recent 30 days (computer-generated)
  • Bank statements for the previous two months with institution name, address, account number(s) and balance(s) for all accounts
  • Most recent asset account statements such as IRA, 401(k), Mutual Funds and stock

If Applicable

  • Copy of complete divorce decree
  • Tax returns for last two years complete with all schedules for self-employed individuals with 25% or more ownership
  • Copy of the listing, purchase agreement, or closing statement for your present home that is for sale or already sold
  • Bankruptcy and discharge papers

If you are purchasing a home

  • Purchase agreement and all addendums – signed by the buyer and seller
  • Phone numbers for the realtors involved
  • Property information listing sheet or computer print-out indicating lot size, taxes, square footage and year built

If you are applying for an FHA or VA loan

  • Seller’s disclosure for home you are buying
  • Certificate of eligibility (for VA only)

If you are building a home

  • Phone number and address of your licensed builder, blue print plans and specifications as well as a copy of contract if possible
  • Legal description of lot
  • Copy of Warranty Deed if subject property is owned free and clear