Mortgage Documents

Below is a list of documents that may be required by a mortgage lender to process your application.  Make sure you have the most current account statements available.  Some of these documents may not be required and there may be others that are required but not on this list.  

 

General:

  • Picture ID with Social Security Card
  • Name and complete addresses of all Landlords for past two years.

Income:

  • Employment history, including names, addresses, phone numbers and length of time with that company (past 2 years).
  • Copies of you most recent pay stubs and W-2 form (past 2 years)
  • Verification of other income (Social Security, child support, retirement).
  • If you are self employed: Copies of signed tax returns including all schedules (past 2 years), and signed profit and loss statement of the current year.
  • If you are retired: Tax returns (past 2 years)
  • If you have rental property income: Copies of all lease agreements.

Assets:

  • Copies of all bank statements from checking/savings accounts (past 2 months).
  • Copies of all stock/bond certificates and/or past statements/retirement accounts.
  • Face amount, monthly premiums and cash values of all life insurance policies (Cash value may be used for closing costs or down payments.  You need documentation from the carrier indicating cash value).

Creditors:

  • Mortgage loans (property address, lender with address, account numbers, monthly payment and balanced owed on all properties presently owned or sold within the last 2 years).  Bring proof of sale of properties sold (HUD 1 Settlement Statement from Closing).
  • Childcare expense/support (name, address, phone number).

Other:

  • Bankruptcy - bring discharge and schedules of creditors.
  • Adverse Credit - bring letters of explanation.
  • Divorce - bring your Divorce Decrees, property settlements, quitclaim deeds, modifications, etc.
  • VA Only - bring form DD214 and Certificate of Eligibility.  May be requested for the buyer by the lender.
  • Retirees - bring retirement and /or Social Security Award Letter.

 

Other items may be requested by the mortgage specialist depending on your individual circumstances.