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Mortgage Checklist
Be Prepared
When You are ready to apply, please be prepared to provide the
following application and property information
Your
Property
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Copy of signed
sales contract including all riders, if a home has been selected
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Names,
addresses and telephone numbers of all Realtors, builders, insurance
agents and attorneys involved
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Copy of
Listing Sheet and legal description if available (If the property is
a condominium please provide condominium declaration, by-laws and
most recent budget)
Your Income
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Copies of
your pay stubs for the most recent 30-day period
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Copies of
your W-2 forms for the past two years
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Names and
addresses of all employers for the last two years
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If
self-employed or receive commission
or bonus, interest/dividends,
or rental income - provide full tax
returns for the last two years PLUS year-to-date Profit and Loss
Statement (Please provide complete tax return including attached
schedules and statements. If you have filed an extension, please
supply a copy of the extension)
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K-1's for
all partnerships and S-Corporations for the last two years (Please
double-check your return. Most K-1's are not attached to the 1040)
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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)
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If you will
use Alimony or Child Support to qualify
- provide divorce decree/court order stating amount, as well as,
proof of receipt of funds for last year
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If you
receive Social Security income, Disability
or VA benefits provide award letter from agency or
organization
Source of
Funds and Down Payment
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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)
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Savings,
checking or money market funds - provide copies of Bank Statements
for the last 3 months
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Stocks and
bonds - provide copies of your statement from your broker or copies
of Certificates
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Gifts - If
part of your cash to close, provide Gift Affidavit and proof of
receipt of funds
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Based on
information appearing on your application and/or your credit report,
you may be required 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
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Include all
names, addresses, account numbers, balances, and monthly payments
for mortgage holders and/or landlords for the last two years
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If you are
paying alimony or child support, include marital settlement/court
order stating the terms of the obligation
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A Check to
cover Application Fee(s). Telephone your Mortgage Specialist for
the exact amount.
List of
required documentation during mortgage application process
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Equal Housing Opportunity