DOCUMENTS NEEDED TO COMPLETE A MORTGAGE APPLICATION 2020
1. Identity Documentation
Copy of all borrowers driver’s licenses and social security cards or passport
2. Residence History
Previous addresses for the last 2 full years and how long you lived at each (dates needed for the loan application)
If you currently rent, your property owner’s name, address and telephone number to verify the most recent 12-month rental history
3. Savings, Checking & Investment Accounts
Checking/Savings Accounts - 2 most recent monthly statements
Stocks/Mutual Funds - 2 most recent monthly or quarterly statements (if using for closing).
401K/Retirement Accounts - most recent quarterly statements – (if using for closing we need proof of receipt of liquidated funds and proof of deposit into your account.)
4. Employment History
Names and addresses for all your employers for the last 2 years
Dates of employment for each employer - start date and termination dates are required please
Letter explaining any gaps in your employment in the last 2 years
Pay stubs for the last 30 days – if paid bi-weekly - every two weeks, we need the 3 most consecutive pay stubs
Most recent 2 years W2’s for all salaried borrowers
Self Employed or Commission Income - Most recent 2 years 1040’s personal & business tax returns including 1120 Corporate returns, 1120S-S Corp., 1065’s-Partnership and/or K1’s (if applicable)
Year-to-date profit and loss statement and current balance sheet (if self-employed)
Annual Award letter and a copy of your most recent check for retirement,social security or disability income. (If auto deposited into your account,please send the bank statement showing the deposit)
5. Miscellaneous (if applicable)
Complete Bankruptcy papers including discharge
Complete Divorce papers and Final order by the judge
6. Real Estate
Copy of most recent property tax bill for all properties owned
Copy of most recent homeowner’s insurance bill for all properties owned
Copy of most recent mortgage statement for all properties owned
Copy of the fully executed contract on the sale of your CURRENT home (if needed for qualifying)
Copy of the fully contract for the purchase of your NEW home
