Items Needed for a Mortgage Application

You can use this handy checklist as you gather the documents for your mortagage application. Remember, credit is subject to approval by your lender.

Employment:

____ Address for two full years
____ Gross Monthly Income
____ W-2 statements
____ Most recent 30 days pay stubs
____ Any other sources of monthly income
____ Written explanation if employed less than two years

If Self Employed:

____ Two Years of 1040 Tax Returns
____ Current year profit and loss statement

Banking

____ Most recent Bank/Asset Statements

Credit:

____ Most recent two months asset statements, for example - checking account,
savings account, CDs, money market accounts, IRA, 401k, and so on.
____ Any obligations due to legal action
____ If applicable, complete Bankruptcy papers
____ If applicable, explanation letter for late payments, collections, judgments and so on

Miscellaneous

____ If applicant is selling a home, copy of the purchase agreement
____ Social Security numbers for all parties
____ Copy of Driver's License
____ Veterans- Certificate of Eligibility & DD-14