Homebuyer Application Checklist

Here’s a complete list of documents we often ask for when applying for a mortgage. Not all of this will apply to you, and it’s not all needed at once! Your mortgage originator will guide you based on your specific circumstances.

Employment/Income

• W-2 forms for the most recent two years
• Pay stubs for the most recent 30-day period
• Employer name/mailing address for jobs held in last two years (please include a contact person)
• Written explanation of employment gaps of 30 days or more during the last two years
• Proof of receipt of alimony or child support, if needed to qualify for this loan
• Most recent two years signed corporate and personal federal tax returns with all schedules and a YTD profit/loss statement, if self-employed or 25 percent or more ownership in a corporation
• Rental income, including leases for all properties or most recent two years signed federal tax returns with all schedules, if applicable
• Disability/retirement/Social Security/trust income, including award letters, deposit statements, pay stubs, etc.

Debts

• Information on all current loans, including name, address, account numbers, current balance and monthly payment (please include any credit cards paid in full monthly)
• Information on other real estate, including name, address, tax, and insurance costs for other real estate owned (unless sold prior to closing this transaction)
• Child support and maintenance obligations, including copy of divorce decree or separation agreement to verify monthly obligation
• Written explanation of any known credit issues

Assets

• Three months of complete official statements verifying down payment/closing cost funds
• Most recent complete official statements for other assets (i.e., mutual funds, 401(k)s, IRAs)
• Estimated value of cars and other personal property

Property Information

• Copy of the purchase contract, including the property condition disclosure statement
• Copy of legal description or deed on the home you’re purchasing
• Copy of the most recent property/school tax receipts for the home you’re buying
• Contact info (including email) for listing/selling agents, as well as attorneys for you and the seller
• Listing agreement/contract for any properties you are selling
• Closing statement on any properties you sold in the last three months

If Refinancing

• Copy of the current deed/title insurance policy (or closing statement showing title company)
• Copy of the most recent property/school tax receipts
• Copy of the most recent homeowners insurance policy showing premium
• Copy of the current mortgage-holder statement with payoff information

If New Construction

• Blueprints and builder’s specifications
• Construction contact
• Plot plan or survey map, if available