Mortgage Application Checklist

Property Information

• Signed purchase agreement

• MLS listing sheet

• If selling current home: Listing contract or settlement statement (HUD-1)

Income Documentation

• Last 2 pay stubs (within 30 days)

• Two years of employment history, including:

  • Employer contact information

  • W-2s or 1099s

• Two months of statements for all financial accounts

Special Income Situations

• Self-employed: Two years tax returns with schedules and YTD profit/loss statement

• Business owners (25%+ ownership): Corporate/partnership tax returns

• Rental property income: Two years tax returns and current lease agreements

• Retirement income: Pension award letter

• Social Security: Award letter

• Child support: Divorce settlement and 12 months payment verification

Large Deposits

• Documentation showing source of funds

• For gifts:

  • Signed gift letter

  • Copy of gift check

  • Deposit receipt

• Explanations for:

  • Paid collection accounts

  • Recent bankruptcies (include documentation)

Credit History

Additional Documents

• Valid photo ID

• Social Security verification

• Address history (past 2 years)

• Divorce decree (if applicable)

• Non-citizens: Green card (both sides)

VA Loans

• DD Form 214 (Report of Separation)