The Voice for Local Real Estate


Required Documents

The more information you provide the loan officer at the beginning of the loan application process, the smoother the process will go. When the loan is being processed, the loan processor will gather all of the information necessary to obtain approval for your mortgage. When complete, the processor turns over all of the information to the underwriter, who makes the ultimate decision about mortgage approval. Some mortgage lenders use a computer-based underwriting system that helps lenders collect and analyze the information. In order to provide enough information along the way, it is important that you bring the following documents to the lender.

(Some of the documents listed will not apply to you. Bring the documents you have. Your lender may ask for more information.)

General Documents

  • Identification – driver’s license and Social Security card

Documents to Support Income

  • Name, address, phone number and fax number of every employer you have had in the last 2 years
  • Last 2 to 3 months of pay stubs
  • W-2s and/or 1099s for two years
  • If self-employed or paid on commission, income tax returns for 3 years, including W-2s and all attached schedules
  • Other income: child support payments, pension payments, seasonal employment, government assistance/SSI benefits, Social Security benefits, income tax returns and all attached schedules

  Documents to Support History of Consistently Paying Expenses

  • Letters from landlords stating where you lived for the last 2 years, dates you lived there, rent per month and how many times you were late with your payment
  • Evidence of your rental payments, such as cancelled checks or money order receipts

Documents to Support Savings and Recent Bank Activity

  • Bank account numbers and address of your bank branch
  • Bank statements from last 2 months
  • Copies of your current statement on your IRA, 401(k), mutual funds, brokerage  

Documents to Support Current Debts

  • Information about debts, including loan and credit card numbers and names and addresses of your creditors, amount owed to each
  • 12 months of cancelled checks/bank statements for child support or alimony payments.
  • Letter to explain any negative credit
  • Letter to explain gap in employment
  • Chapter 7 or Chapter 13 bankruptcy discharge papers and list of creditors

Other

  • Purchase contract for house (If you are meeting for pre-qualification/approval, you won’t have this yet. Once you are ready to purchase a specific home, you’ll bring the contract to the lender.)
  • Veteran’s certificate of eligibility
  • Copy of your divorce decree/property settlement (if applicable)
  • Name, address and phone number of person to whom you pay child care
  • If you are applying gift funds for the down payment or closing cost, a signed letter with supporting documentation
  • Name and telephone number of your insurance agent
  • Name and telephone number of the attorney you will use for closing