Mortgage & Finance

Below is a list of documents that will likely be required when you apply for a mortgage loan. However, every situation is unique and you may be required to provide additional documentation and information.

Your Property

• Copy of signed property sales contract including all riders
• Verification of the deposit you placed on the home purchase
• Names, addresses and telephone numbers of all realtors, builders, insurance agents and attorneys involved in the sales transaction
• Copy of Listing Sheet and legal property description if available (If the property is a condominium please provide condominium declaration, by-laws and most recent budget)

Your Income

• Copies of your pay-stubs for the most recent 30-day period as well as the current year-to-date
• Copies of your W-2 forms for the previous two years
• Names and addresses of all current and previous employers for the last two years
• Letter explaining any gaps in employment over the previous 2 years
• Work visa or green card (Please copy front & back)

If self-employed or receive commission or bonus, interest/dividends, or rental income:

• Provide full tax returns for the previous two years PLUS a year-to-date Profit and Loss statement (Please provide complete tax return 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 previous two years (Please double-check your return. 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 addenda for the previous two years. (Required only if your ownership position is 25% or greater.)

If you will use Alimony or Child Support to qualify:

• Provide the final divorce decree or court order stating amounts, as well as, proof of receipt of funds for last year

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

• Provide award letter from the appropriate agency or organization

Source of Funds and Down Payment

• Sale of your existing home – provide a copy of the signed sale contract on your current residence and a statement or listing agreement if unsold (at closing, you must also provide a settlement or closing statement)
• Savings, checking or money market funds – provide copies of bank statements for each account for the last 3 months
• Stocks and bonds – provide copies of your statement(s) from your broker or copies of holdings certificates
• Gifts – If gift funds will be part of your cash to close, provide 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 support documentation

Debt 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 for each account
• Provide 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 or child support, include a marital settlement or court order stating the terms of the obligation
• Check payment to cover Application Fee(s)