Mortgage Document Checklist

What mortgage documents you need when you apply

Every application for a mortgage loan is not created equal. Your requirements will be different from your neighbors’ — it depends on your situation and the type of loan you’re applying for. So as you look over the Mortgage Document Checklist below, don’t hyperventilate. Relax. Then ask your independent mortgage lender which mortgage documents you’ll need for your specific case.

Below, you’ll find the complete Mortgage Document Checklist you may need for approval or pre-approval, by category.

It is presented here to give you a general idea what supplemental documentation you’ll need when applying for a mortgage. If you have specific questions about the Mortgage Document Checklist , send them to Zachery Adam or his Team at Prime Mortgage Lending, Inc.

Full List of Mortgage Documents

Personal Information

These items you absolutely will need:

  • Copy of a current picture ID card, either your driver’s license or passport
  • Copy of your permanent resident card or visa (If Applicable)
  • Copy of your social security card

 

Employment Information

To show proof of your earned income from employment, you may need these documents:

  • Copy of federal personal tax returns, with all attached schedules for the last two years
  • W2 forms from the last two years
  • 1099 forms from any contract employment for the last two years
  • Paystubs from the most recent 30 days for ALL INCOME RECEIVED
  • Contact person (name and phone number) for the Human Resource or other individual to verify your PAST AND PRESENT EMPLOYMENT from all employers for the past two years

 

Business Information

If you own your own business, you may need to show how successful you’ve been:

  • Copy of your business license
  • Year-to-date profit and loss statement for the current year
  • Copy of federal business tax returns, with all attached schedules for the last two years (for all entities/businesses)

 

Other Resources Information

If you are receiving income from other sources, you may need to account for it:

  • Statements from any retirement and savings accounts covering the last 60 DAYS (all pages even if blank)
  • Copy of your bank statements for the last two months (all pages even if blank)
  • Copy of lease agreements on any investment properties
  • 1099 forms for any Social Security, disability or pension you received for the last two years
  • Copy of your Current Social Security Award letters
  • Copy of your Disability Award letter

 

Mortgage Information

If you already own a house or if you’re applying for a specific kind of mortgage (such as a VA loan), you may need some of these documents:

  • Copy of your cancelled earnest money deposit check (front and back)
  • Copies of cancelled rent checks from the last 12 consecutive months (front and back), unless you’re renting from a management company
  • Your landlord’s or management company’s contact name and phone number
  • Signed copy of the closing statement of your current home, when it sells (all pages)
  • VA certificate of eligibility (form DD 214 from the U.S. Department of Veterans Affairs)
  • Copy of your current mortgage statement, if applicable
  • Copy of your mortgage note, which you should have received when you closed
  • Copy of your Tax and Insurance bill

 

If Applicable

  • Student Loan Statements (includes payment/terms/interest rate)
  • Divorce Decree /Marital Settlement Agreement
  • Living Trust docs (if property is vested in a Trust)

If you have additional properties please provide the following items:

  • Copy of tax bill
  • Copy of mortgage statement
  • Copy of Homeowners insurance policy
  • Copy of lease agreements for any investment properties.
  • Copy of Homeowners Association Dues

Contact Zachery Adam and his Team at 828-242-4780 or use the online form to send a question about your particular situation. Zachery can answer your questions and narrow down the Mortgage Document Checklist for your situation. We love helping homebuyers!

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