mortgage loan checklist

To prepare for your loan application appointment, it pays to familiarize yourself with the documentations that your loan officer may request:

Identification

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

 Income

• Current pay stubs (one full month)
• W2s/1099s (last two years) and names and addresses of each employer
• Proof 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
• Proof of child support income (i.e., 12 months cancelled checks)
• Rental agreements on all rental properties

Assets

• Bank statements, all pages (last two to three months)
• Money market statements (last two to three months)
• (401)k statements
• Original gift letter
• Copy of transfer of gift funds to escrow or your bank account (refer to us first)
• Verification of donor’s ability to give gift funds (i.e., bank statement)
• Copy of current mortgage note (for refinance loans only)
• Declaration page from current hazard
• Insurance policy or preferred insurance provider

 Credit

• Landlord addresses (last two years)
• Complete divorce settlement document
• Complete bankruptcy papers
• Explanation of derogatory credit

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