Borrower Mortgage Documentation Checklist

The mortgage process can require a great deal of information and documentation. While your loan officer will  determine what is necessary in your specific situation, these documents are frequently requested.

Pay-Stubs: (30 days) for all borrowers’ income being used to qualify.

Tax Information: W-2 forms and/or tax returns are often required for the last two years for all borrowers’ income being used to qualify.

Bank Account Statements: The account number(s) and current balance(s) of your checking, savings, or any other account(s) may be needed for the last 60 days. All pages are needed and any large deposit other than payroll MUST be verified by a paper trail.

Assets Information: This includes statements of current assets, such Individual Retirement Accounts (IRAs), Certificates of Deposit (CDs), stocks and bonds. If you have individual investments, bring a current brokerage statement with the name of the stocks, the amount per share and the number of shares owned. All pages are needed.

A Copy Of A Gift Letter: If part of your down payment or closing costs will be from a gift, you will need to make a copy of the wire transfer form and complete a lender gift letter signed by the donor or copy of the funds check, copy of the deposit slip and complete a lender gift letter signed by the donor.

Contract And Deposit Information: Fully executed closing disclosure from the departure home. You will need a signed copy of your ratified sales contract, showing that you and the owner have accepted your offer. Equity advance statement from your employer.

Rental Agreement: If the property is rented you will need to provide a fully executed copy of the current lease with 1st month deposit cancelled check if using rental income.

Judgements and/or Tax Liens: Proof of satisfaction or letters from 3rd party for any accounts in dispute

Divorce Or Separation Information: Copy of divorce decree or maintenance agreement, along with any amendments and a 12-month payment history of alimony and/or child support payments. You will need all of these documents if the payments are needed to verify your income and qualify for the mortgage
- Jan 28, 2019