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MORTGAGE APPLICATION
ORGANIZER
The following items may be needed in order to complete a mortgage
application:
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The last two year's of Tax Returns, W-2s & 1099s. |
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Most recent pay stubs for each borrower to cover a 30-day period.
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A copy of your most recent mortgage statement, tax
bill and homeowner's insurance declaration page. |
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A copy of the Purchase Contract of Sale (if
applicable). |
For the self-employed borrower, you may be required to provide the following
information if you select full documentation processing:
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The last two year's Personal & Business Tax Returns,
including all schedules, and a year-to-date Profit and Loss (P&L) Statement
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Proof of Business ownership via a Business License or Liability Insurance.
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Other items that may be required, depending on your individual situation are:
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If your down payment includes a cash gift from
a friend or relative, you need a copy of the check or wire transfer showing
the donor's name and account number, plus a copy of the deposit into your bank
account. (This applies only to home purchase loans.)
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If you receive Social Security, a pension or annuity,
provide a copy of the awards letter and a copy of a recent benefit check and
statement.
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If you own other real estate,
provide a lease/rental agreement (if applicable), and copies of property tax,
insurance bills and mortgage bill (if applicable).
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If you receive alimony or child support,
provide a copy of the divorce decree and evidence of receipt of income for 12
months (i.e. canceled checks, deposit slips or bank statements).
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If you pay alimony or child support,
provide a copy of your divorce decree.
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If you've had a bankruptcy within the last
seven years,
provide a copy of your bankruptcy discharge, a copy of the petition (including
schedules A & B) and a written explanation of the circumstances.
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If you currently pay rent,
provide copies of rental payments for the last twelve months (may include
canceled checks, bank statements, money orders, rent receipts, etc.) and the name and address
of your landlord for the same time period. OR If you pay rent to a
leasing agent, provide the complete contact information so we may obtain a
Verification of Rent. |
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