Document List

What information will be needed for the application

Here is a list of the information mortgage lenders will use to consider your loan application:

For all loans

• Social Security Number, for borrower and co-borrower if any
  
• Employment History:
  
  • For the last two years, employment dates, addresses, salary.
  • Current pay stubs or W-2 forms.
    
• Check and Savings Accounts and Certificates of Deposit:
  
  • Location of bank accounts, account numbers and balances, address of bank if out of town
  • Last 2 months' statements
    
    
• Stocks, Bonds, and Investment Accounts:
  
  • Broker's name and address, description of stocks, bonds, etc.
    
  • Last 2 months' statements or copies of stock certificates
    
• Life Insurance Policies
  
  • Insurance company, policy number, face amount, cash value, if any
    
    
• Retirement Plan:
  
  • Approximate vested interest value
    
  • Copy of latest statement
    
• Automobiles:
  
  • Make and model of automobiles, their resale value
    
    
• Other Assets:
  
  • Market value of personal and household property

Other income information you may need

• If you're self-employed:
  
  • Two years tax returns, profit and loss statements
    
    
• If you have income from:
  • Commission
  • Overtime
  • Bonus
  • Partnership
  • Rental Property
  • Trust
    
  • Notes Receivable
  • Interest/Dividends
    
• You'll need two years' personal federal tax returns
• If divorced or separated:
  
  • Complete executed divorce decree and settlement agreement
  • Payment history of alimony/child support over the past 12 months, if it is a financial obligation.

If you own real estate

• Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances
  
• If you've sold your home but not closed:
  
  • A copy of the sales contract
    
• If you've sold your home, closed, and you will use the proceeds for your new down payment:
  
  • A copy of the HUD-1 Uniform Settlement Statement
    

If you rent

• Name, address and phone number of landlords for the past 24 months
  

If you're buying a home

• Purchase sales contract
  
• If a source of your down payment is a gift:
  
  • Name, address and relationship of donor
  • Gift funds will be verified in both the donor and recipient's accounts