Mortgage Loan Application Checklist

You’re not done yet – the application is done, but wait, there’s more!

All borrowers will need to provide:

  • Valid Driver’s License or other government issued photo identification, date of birth and social security number
  • Most recent past two month statements for checking, savings, stocks, mutual funds, IRAs, and/or other liquid asset accounts
  • Addresses for landlord for mortgage holder for the past two years
  • Complete loan information - balance, monthly payment, rents collected ( if applicable)
  • Copy of sales contract (if available)
  • Copy of canceled check for a security deposit
  • Documents for any additional sources of income to aid in qualifying (if applicable)

Employed/salaried borrowers will need to provide:

  • Paycheck stubs for the last 30 days
  • Last two years’ federal tax returns and W-2s

Self-employed borrowers (and owners of over 25% of a business) will need to provide:

  • Last two years’ federal business tax returns
  • Year-to-date balance sheet and profit/loss statement
  • Last two years’ federal corporate or partnership tax returns (if applicable)

Possible items needed:

  • For refinance, survey and/or appraisal
  • Bankruptcy papers
  • Documents pertaining to credit issues
  • Divorce papers regarding finances
  • Receipts if property was bought or sold

Heartland Hometown Flexible options for new homebuyers

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