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Home Loan Document Checklist
To make the application process go as smoothly as possible, please gather these documents. (NOTE: Other documentation may be required during the process.)
Income Verification
- W2’s for the past two years
- Paystubs covering the last 30 days
- Written explanation if employed less than two years or employment gap within the last two years
- Federal tax returns for last two years may be required if income is received from other than wages (such as rental income)
Social Security, Disability, or Pension Income
- Social Security Award Letter
- Pension Award Letters
Purchase Property Information – If purchasing a property, lender needs the following:
- Copy of signed Purchase Agreement – all pages and all counteroffers
- Copy of Deposit Receipt with –
- Name and address of HOA if applicable
- If a Condo, HOA Certification
- This document provides all the information about the Homeowner’s Association and the project
- The HOA charges a fee for this and it varies
Asset Documentation – Bank Accounts; Retirement (401K, IRA), Investments (Stocks)
- Last two months’ statements for all accounts.
- Include all pages, even if they are blank
- Letter of Explanation and documentation for any large or unusual deposits or withdrawals
Rental Properties
- Most recent mortgage statement(s) for all existing mortgages
- Homeowner’s Insurance Declaration Page for all properties
- Also for Flood Insurance or Earthquake Insurance if applicable
- Homeowner’s Association Statement (if applicable) – all properties
- Tax Bills – all properties
Other
- Divorce Decree
- Legal Separation Agreement