Use this checklist to prepare for completing your mortgage loan application. This is a nice list of documents and statements that will help you complete it smoothly.
Employment History/Income Sources
- Name, address, and phone numbers of fall employers for the past two years
- Past two year’s W-2s
- Most recent pay stub from employer
Self Employed/Borrowers & Commissioned Income
- Past two years’ tax returns with all schedules (Individual, Partnership, and Corporate)
- Current Balance Sheet and Y.T.D. Income Statements for the business owned
Sources of Funds for Closing
- Name, address, and account number for all checking, savings, and investment accounts
- Most recent bank statements of all accounts
- Closing statement on sale of a prior home
- If using gift funds, gift letter and verify funds
Debts/Obligations
Provide account number, monthly payments, and approximate balance for all debts:
- Auto Loans
- Credit Cards
- Signature Loans
- Landlord (need address)
- Mortgage Loans (need address)
Miscellaneous Information & Documents
- Initial deposit for credit report and appraisal
- Copy of Earnest Money Agreement/Contract
- Child care letter/explanation
- Bankruptcy papers and discharge, if applicable
- Photo I.D. and Social Security cards (FHA only)