Mortgage Documents Checklist

1. Following are some of the documents Lender or Loan Officer would ask with you to get Pre-approval or to apply for mortgage:

COMMON DOCUMENTS CHECKLIST

1. Driver License (color scan both sides)
2. Social Security Card (Color Scan)
3. Recent TWO years Tax Return complete file (Personal and or Business, if applicable)
4. Recent TWO years W2's (for all borrowers)
5. Current ONE Month (30 Days) Paystubs (all borrowers)
6. Recent TWO months Bank Statements showing sufficient funds for down-payment and closing cost.
7. Two years work history - Company Name, Address, contact info, employment start & or end date. 
8. Purchase Agreement, if contract is already signed (for purchase transaction only)
9. Additional Income documents if available (Like - Rental Income, Alimony, Child Support, Disability income, Foster-care income, Pension, Trust income, Social Security income, VA Benefits Income etc.)
10. Homeowner's Insurance for subject property
11. Profit and Loss Statement (if self employed)
12. K-1 Schedule, if have ownership in any S Corps
13. Letter of Explanation if there is Employment Gap/Unemployed

FOR REAL ESTATE OWNED PROPERTIES

1. Current mortgage statement for all outstanding mortgages
2. Homeowner's Insurance copy
3. Homeowner's Association information and current statement (if applicable)
4. Current rental agreements ( if applicable)
5. Property Tax Bill (for all real estate owned properties)

LETTER OF EXPLANATION FOR DEROGATORY CREDIT REPORT ITEMS

• Late payments
• Credit inquiries in the last 90 Days
• Charge-offs
• Collections, Judgements and or liens
• Bankruptcy filed within last seven years
• Bankruptcy papers required

FOR INDIVIDUALS WITH RETIREMENT INCOME

1. Pension Award Letter
2. Social Security Award Letter

FOR INDIVIDUALS CLAIMING CHILD SUPPORT

1. Copy of divorce settlement
2. Statement of Child Support payment or Bank Statements showing direct deposit

ADDITIONAL DOCUMENTS

• Borrower's Authorization Form
• Borrower Credit Card Authorization
• Affiliate Business Disclosure form

NOTE: Lender may request more or less documents depending on loan programs and borrower's profile.