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Version: 2019.12.03

Loan Application Checklist

The amount of documentation and information required for a mortgage can seem overwhelming. The checklist that follows is a general guide prepared to assist you with the loan application.

This Is a General Guide

Some of the items listed may not apply to you, and almost certainly there will be some specific items your lender will request which we have not mentioned.

You can facilitate the mortgage application process by collecting as much of the needed information as you can before your appointment.

A. Property Information​

  • The Purchase Agreement includes the legal description of the property and the price

B. Personal Information​

  • Social Security number and driver's licenses for all borrowers
  • Home address(es) for the last two years
  • Divorce decree(s) and separation agreement(s), if applicable

C. Income​

  • Most recent pay stub(s), covering the last 30 days
  • Documentation on any supplemental income: bonuses, commissions
  • Names, addresses, and phone numbers of all employers for the last two years
  • W-2's for the last two years
  • If self-employed or commissioned sales, copies of the last two years' tax returns with all schedules, and year-to-date profit and loss for the current year, signed by an accountant
  • Documentation on any alimony/child support, if such income is to be considered for the loan

D. Real Estate Owned​

  • Names, addresses, phone numbers, and account numbers of all mortgage lenders and landlords for the last five years
  • Copies of leases and two years' tax returns for any rental property
  • Market value estimate

E. Liquid Assets​

  • Complete names, addresses, phone numbers, and account numbers for all bank accounts (credit union, 401K, investment accounts)
  • Copies of the three most recent months' statements for all bank accounts
  • Copies of any notes receivable
  • Value of other assets (auto, household goods, and collectibles)
  • Cash value of life insurance policies
  • Vested interest in retirement funds, IRA's, etc., with most current supporting statements

F. Liabilities​

  • Name and account number for all revolving charge cards, balance, and current monthly payment amount
  • Name, addresses, telephone numbers, and account numbers for all installment debt; approximate balance and monthly payment (auto and mortgage, etc.)
  • Alimony or child support payments
  • Names, addresses, phone numbers, and account numbers of accounts recently paid off, if to be used to establish credit
Fees at Application

Please note, you may be asked to pay for a credit report and an appraisal for your new home upon signing the application.