Documents Needed for Mortgage Application

When first applying for a mortgage loan, you will need a great deal of documentation. While it may seem somewhat overwhelming at first, it helps to have a list of the documents you will likely need so you can gather them and check them off as you prepare for your mortgage. The following list covers the documents needed for most applications ý you should contact your lender to see if you will need additional documents.

• Application fee (for appraisal and credit report)
  
  
• Sales contract signed by buyer and seller
  
  
• Social Security number for all applicants
  
  
• Complete address for last two years, including name and address of all landlords
  
  
• Name, address, and income earned from all employers for past two years
  
  
• Copies of W-2 forms for last two years
  
  
• Copy of most recent year-to-date pay stub
  
  
• Name, address, account number, balance, and monthly payment for all installment loans, student loans, auto loans, mortgage loans, and credit accounts.
  
  
• Name, address, account number, and balance of all deposit accounts such as checking accounts, saving accounts, stocks, bonds, etc.
  
  
• Three months statements for these accounts.
  
  
• If you include income from child support or alimony, bring canceled checks for proof of payment.
  
  
• Certificate of eligibility for VA loans
  
  
• Two years income tax returns if you are self-employed

If you own other properties, you should also include addresses and market values of the properties, information on debt owed on these properties, two years worth of income tax returns, and copies of the lease if the property is rented.

If you have been in bankruptcy, you should bring a copy of the petition and discharge, handwritten reason for the bankruptcy, and evidence of excellent credit following the bankruptcy.