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