Mortgage Documents Checklist

With home prices increasing and inventory shrinking, homebuyers in the United States need every advantage available. Here are some documents you may need to gather before you meet with a lender to start the process of securing your new mortgage.

Mortgage Checklist Page

Get a Head Start on What’s Needed

Having these documents on hand will give you a leg up on your mortgage journey. While this extensive list covers a lot of bases, other types of documentation may also be asked for depending on the type of loan you are seeking, the kind of home you are purchasing, your qualifications, etc.

1. Identification

  • Current photo identification (driver’s license or ID card) for each borrower

  • Social security card

  • Resident alien card

2. Income

  • Current pay stubs (one full months)

  • W2s/1099s (last two years) and names and addresses of each employer

  • Evidence of social security/retirement income (i.e. copy of check or award letter)

  • Federal tax returns, with all schedules/attachments (last two years)

  • Partnership/corporate tax returns (last 2 years)

  • Signed year-to-date profit and loss statement

  • K1s for all partnerships

  • Evidence of child support income (i.e. 12 months cancelled checks)

  • Rental agreements on all rental properties

3. Assets

  • Bank statements, all pages (last two to three months)

  • Money market statements (last two to three months)

  • 401k statements

  • Original gift letter

  • Copy of transfer of gift funds to escrow or your bank account (ask us first)

  • Verification of donor’s ability to give gift funds (i.e. bank statement)

  • Copy of current mortgage Note (refinance only)

  • Declaration page from current hazard

  • Insurance policy or preferred insurance provider

4. Credit

  • Landlord addresses (last two years)

  • Complete divorce settlement document

  • Complete bankruptcy papers

  • Explanation of derogatory credit

APR = Annual Percentage Rate. APR is the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees.

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Fill out the questionnaire on this page to start a discussion about your mortgage needs today!