To gain a comprehensive understanding of all the steps, you can explore the Loan Process. At this point, we have assembled a list of documents typically required when applying for a mortgage. Each situation is unique, so additional documentation may be necessary. If further information is requested, please provide it promptly to expedite the application process.
Your Property
- Copy of the signed sales contract, including all riders
- Verification of the deposit you placed on the home
- Names, addresses, and telephone numbers of all realtors, builders, insurance agents, and attorneys involved
- Copy of the listing sheet and legal description if available (if the property is a condominium, please provide the condominium declaration, bylaws, and most recent budget)
Your Income
- Copies of your pay stubs for the most recent 30-day period and year-to-date
- Copies of your W-2 forms for the past two years
- Names and addresses of all employers for the last two years
- Letter explaining any gaps in employment in the past two years
- Work visa or green card (copy front & back)
If self-employed or receive commission or bonus, interest/dividends, or rental income:
- Provide full tax returns for the last two years PLUS a year-to-date Profit and Loss statement (please provide a complete tax return including attached schedules and statements. If you have filed an extension, please supply a copy of the extension.)
- K-1s for all partnerships and S-Corporations for the last two years (please double-check your return; most K-1s are not attached to the 1040.)
- Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120), including all schedules, statements, and addenda for the last two years. (Required only if your ownership position is 25% or greater.)
If you will use Alimony or Child Support to qualify:
- Provide divorce decree/court order stating the amount, as well as proof of receipt of funds for the last year.
If you receive Social Security income, Disability, or VA benefits:
- Provide the award letter from the agency or organization.
Source of Funds and Down Payment
- Sale of your existing home - provide a copy of the signed sales contract on your current residence and statement or listing agreement if unsold (at closing, you must also provide a settlement/Closing Statement).
- Savings, checking, or money market funds - provide copies of bank statements for the last 3 months.
- Stocks and bonds - provide copies of your statement from your broker or copies of certificates.
- Gifts - If part of your cash to close, provide a Gift Affidavit and proof of receipt of funds.
Based on information appearing on your application and/or your credit report, you may need to submit additional documentation.
Debt or Obligations
- Prepare a list of all names, addresses, account numbers, balances, and monthly payments for all current debts, with copies of the last three monthly statements.
- Include all names, addresses, account numbers, balances, and monthly payments for mortgage holders and/or landlords for the last two years.
- If you are paying alimony or child support, include a marital settlement/court order stating the terms of the obligation.
- Check to cover Application Fee(s).
