Your Mortgage Application Checklist
Every lender requires documents as part of the process of approving a mortgage loan. Here are documents you're generally required to provide:
W-2 Tax Returns
W-2 tax returns or business tax returns if you’re self employed - for the last two or three years for every person signing the loan.
Pay Stubs
At least one pay stub for each person signing the loan.
Credit Card Account Numbers
Account numbers of all of your credit cards and the amounts for any outstanding balance.
Bank Statements
Two to four months of bank or credit union statements for both checking and savings accounts
Installment Loans
Lender, loan number, and amount owed on installment loans, such as student loans and car loans
Addresses
Addresses where you lived for the last five to seven years, with names of landlords if appropriate
Brokerage Statements
Brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
401(k)
Your most recent 401(k) or other retirement account statement.
Income
Documentation to verify additional income, such as child support or a pension.
Source: National Association of REALTORS, REALTOR Magazine.
