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What You'll Need To Apply For A Mortgage

There are many different loan programs many that do not require all of the following information. A good rule of thumb is the more information available the better the rate.

To Verify Income

  • W2 forms - last two years
  • Paystubs - past 30 days
  • Federal tax returns - past 2 years IF:
    • You are self-employed
    • More than 25% of your income comes from commissions or bonuses
    • Own rental property
    • You are employed in a career in which you might take non-reimbursed business expenses
  • If self employed, year-to-Date Profit and Loss Statement
  • If applicable, Corporate or Partnership tax returns
  • If retired, Pension Award letter
  • If recieving Social Security, Award letters

To Verify Assets

  • Bank statements, all accounts - past two months
  • Other investment statements - past two months
  • Copy of last retirement fund statement
  • Written explanation of any large deposits
  • Gift letter if cash was accepted from family (may also require other proofs)

Credit Information

  • Landlord's name, address, and phone number
  • Written explanation of any questionable items appearing on your credit report.
  • Copy of bankruptcy papers if you have filed bankruptcy within the last seven years

Other Information

  • Copy of purchase agreement (If offer has already been made)
  • Copy of Divorce Settlement (If applicable)
  • Proof of Child Support income (If applicable)

If applying for government backed loans, you will also need the following:

FHA Loans

  • Copy of Social Security Card
  • Copy of Driver's license

VA Loans

  • Copy of DD214

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