Mortgage Application Checklist

Your Property  

• Copy of signed sales contract including all riders, if a home purchase
• Names, addresses and telephone numbers of all Realtors, builders, insurance agents and attorneys involved
• Copy of the Listing Sheet and legal description of the home, if available. If the property is a condominium, please provide a Condominium Declaration, by-laws and most recent budget

Your Income 

• Copies of your (and co-applicant's) paystubs for the most recent 30-day period 
• Copies of your (and co-applicant's) W-2 forms for the past two years 
• Names and addresses of all employers for the last two years 

If you (or co-applicant) are self-employed or receive a commission or bonus, interest/dividends or rental income: 

• Provide full tax returns for the last two years PLUS year-to-date Profit and Loss Statement. Please provide complete tax returns including attached schedules and statements. (If you have filed an extension, please supply a copy of the extension.) 
• K-1's for all partnerships and S-Corporations for the last two years. (Please check your return as most K-1's are not attached to the 1040.) 
• Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and agenda for the lat two years. (Required only if your ownership position is 25% or greater.) 

If you will use Alimony, Maintenance or Child Support to qualify: 

• Provide divorce decree/court order stating amount and proof of receipt of funds for the last year 

If you receive Social Security income, Disability or VA benefits: 

• Provide award letter from agency or organization

Source of Funds and Down Payment 

• Sale of your existing home - provide a copy of the signed sales contract for your current residence, and statement or listing agreement, if unsold. (At closing, you must also provide a settlement/Closing Statement.) 
• Savings, Certificates of Deposit (CD), checking or money market funds - provide copies of bank statements for the last 3 months 
• Stocks and bonds - provide copies of your statement from your broker or copies of certificates
• Gifts - if part of your cash to close, provide a Gift Affidavit and proof of receipt of funds.

Based on information appearing on your application and/or your credit report, you may be required to submit additional documentation.

Debt or Obligations 

• Prepare a list of all names, addresses, account numbers, balances, and monthly payments for all current debts with copies of the last three monthly statements.
• Include all names, addresses, account numbers, balances, and monthly payments for mortgage holders and/or landlords for the last two years.
• If you are paying alimony, maintenance, or child support, include marital settlement/court order stating the terms of the obligation.
• A check to cover the application deposit. Call your Mortgage Specialist for the exact amount.