Documents Needed
What documents will I need to apply for a mortgage
Each loan product has it’s own specific requirements. You will find a general list below:
For all borrowers listed on application:
- Recent pay stubs
- W-2 forms from the past two years
- If self-employed:
- Year-to-date profit and loss statement
- Documents to show unpaid accounts receivable
- 1099 forms from past two years
- Bank statements for all your checking and savings accounts
- Statements for all investment accounts, including:
- 401(k)s
- IRAs
- CDs
- Brokerage accounts
- Accumulated cash value from life insurance, if applicable
- Down payment gift letters, if applicable
- Alimony and child support, if applicable
- If you have income from a rental property:
- Documentation of rental income
- Copy of lease
- Property appraisal report
- The company name, account type, account number, unpaid balance and monthly payment for all liabilities, which include:
- Credit cards
- Student loans
- Personal loans
- Auto loans
- Medical bills
- Any paperwork that documents monthly child support or alimony you provide
- Proof of monthly job-related expenses, if applicable
- Copy of your driver’s license
- Copy of your Social Security card
- Rental history, including contact information for previous landlords
- Immigration paperwork, if applicable
- If you own another property, you’ll need to provide the:
- Address
- Property value
- Status of property
- Intended occupancy (the purpose of the property, such as a second home, rental property or investment property)
- Monthly expenses related to property
- If you own a property with an outstanding mortgage, you’ll also need to provide the:
- Lender name and account number
- Type of loan
- Monthly payment amount
- Unpaid balance on the loan
- Credit limit, if applicable
Each loan application is unique and requires our Mortgage Loan Originator to coach you to provide the specific documents that are unique to your situation.
