Documentation Needed

Here's a list of the documents most commonly needed in order to apply for a mortgage loan. You may need additional documents depending upon the type of loan you're applying for, so be sure to check with the lender.

• Legible Copy of executed sales contract on home being purchased.
• Paycheck stubs for most recent pay period covering one month.
• Previous two years Tax Returns and W-2 forms.
• Previous three months’ statements (all pages) on all deposit / investments accounts – including checking, savings. CDs, mutual funds, IRAs, stock brokerage, company thrift, etc.
• Current Mortgage Company or Landlord name and phone number.
• Copy of Drivers License
• Credit card to cover up front appraisal fee. The deposit will show as a credit at closing.

If you are self-employed or paid by commission:

Previous two years Federal Income Tax Returns with all schedules and a year-to-date profit and loss statement.

If you own other properties:

Address of properties and current market value. Any debt owed on properties; Lender's name, address, account number, monthly payment, and current balance. Copy of previous two years Federal Income Tax Returns with all schedules. If rented; copy of lease.

If you have filed bankruptcy in the last seven years:

Copy of petition and discharge, handwritten explanation of reason for bankruptcy, evidence of excellent credit since the bankruptcy.

Additional items for refinancing:

• Homeowner’s insurance agent’s name and phone number.
• When available, your original blue line survey (if less than 5 years old) from when you purchased or last refinanced your property.

Additional documents may be necessary which are particular to your own
Individual case as required by mortgage underwriting guidelines.