Documents Needed to get a Mortgage - Borrower's Checklist

INCOME ITEMS

• Signed and dated copies of Federal Tax Returns (with all schedules) for the previous two (2) years.
• W-2 for previous two years
• Year to date Profit and Loss Statement and Financial Statements (for self employed borrowers)
• 4 Most Recent pay stubs showing year to date earnings
• Rental / Lease agreements for income property(s)
• Copy of any note(s) due to You
• Child support / Alimony Collected (proof of receipt for 12 months)

PROOF OR EXPLANATION OF:

• Commissions
• Bonuses
• Overtime
• Other (Dividend / Interest / Pension, Etc)

ASSET ITEMS

• 3 Months of Bank Statements
• Gift Letter and Proof of Donor's Assets ( Bank / Stock / Bond / etc Statements)
• Stock or Bond Statements, Life Insurance Statements, Pension Plan, 401K, or IRA Statements
• Explanation of Sources of funds to be able to close for down payment and closing cost
• If assets from sale of another property, Contract of sale or attorney letter
• Other (Homeowner / Investment Club or Society, Any Major Assets)

CREDIT ITEMS

• Recent Credit Report, credit report should be ordered before meeting with Lender Representative
• If you have no credit, Utility receipts, phone bills, lay a way letter, landlord letter or rent receipts, etc.
• Payment Histories with Other Creditors

OTHER

• Separation / Divorce / Child Support Agreements
• Contact of Sale or Binder from REALTOR
• Photo ID (Driver License, Passport, Green Card), Social Security Card
• Other Pertinent Documentation:

TIMELY RECEIPT OF THESE OR ANY OTHER REQUESTED ITEMS WILL CAUSE THE LENDER TO PROCESS AND CLOSE YOUR LOAN FASTER