Preparing Your Documentation for a Mortgage Application
The first step in the mortgage process is the documentation stage, where your lender reviews your income, assets, employment history, and other compensating factors to determine your ability to repay a mortgage loan.
This is also an opportunity for you to examine the overall financial impact that a new mortgage will have on your total monthly budget, so that you can choose a loan amount and mortgage program that you are most comfortable with.
Our goal is to obtain a speedy approval. The more thorough you are in preparing your paperwork, the faster we can move together on getting your loan approved and funded.
Income / Assets:
- W2’s – from the last two years
- 1040 federal tax returns – from the last two years
- Two recent pay stubs
- Two recent bank statements – all pages
- Self-Employed: K1 / 1099 / Profit and Loss YTD
- Current and previous addresses for the previous 2 years
- Leasing: Name and phone number of landlord(s)
- Investor: Copy of lease agreements on rental properties
- Copy of your driver’s license or state-issued ID for all borrowers
- Copy of Social Security card for all borrowers
There may also be required documents if you have had a short sale, foreclosure, bankruptcy, or other circumstance(s) that may require financial obligations.
You can download the flyer on the right of this page for a complete checklist of all documentation required for a mortgage approval.