Mortgage Basics

Application Checklist

Below is a list of documents that are required when you apply for a mortgage. However, every situation is unique and you may be required to provide additional documentation. So, if you are asked for more information, be cooperative and provide the information requested as soon as possible. It will help speed up the application process.

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Application Checklist Graphic
  • Copy of your signed contract including any riders
  • Verified document showing the deposit you made on the home, if any
  • Contact information for real estate agents, attorneys and other professional parties involved in the sale
  • Copy of the property listing sheet and any survey information or other legal description
Income Related
  • Copies of your two most recent pay-stubs as well as a year-to-date statement of earnings if available
  • Copies of your W-2 forms for the past two years
  • Contact information for employers during the past two years
  • Green card or work visa if applicable
  • Also be ready to explain any periods of time during the past two years when you were not employed
  • Information about alimony, child support, Social Security or disability income your receive

Source of Funds and Down Payment

  • Copy of signed contract for current home if proceeds are being used for purchase of new home
  • Savings, checking and money market statements for past three months
  • Copies of brokerage statements showing stocks and bonds owned
  • For gifts, provide a gift affidavit and a receipt of your gift

Existing Debts

  • For gifts, provide a gift affidavit and a receipt of your gift
  • Copies of last three monthly statements for each debt account
  • List of contact information for mortgage holders and/or landlords from past two years, as well as account numbers, existing balances and monthly payments
  • Copies of child support and/or alimony orders