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.

Your Property

  • Copy of signed sales contract including all riders
  • Verification of the deposit you placed on the home
  • Names, addresses and telephone numbers of all realtors, builders, insurance agents and attorneys involved
  • Copy of Listing Sheet and legal 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 and year-to-date
  • Copies of your W-2 forms for the past two years
  • Names and addresses of all employers for the last two years
  • Letter explaining any gaps in employment in the past 2 years
  • Work visa or green card (copy front & back)

If self-employed or receive commission or bonusinterest/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 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 last 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 last two years. (Required only if your ownership position is 25% or greater.)

If you will use Alimony or Child Support to qualify:

  • Provide divorce decree/court order stating amount, 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 agency or organization

Source of Funds and Down Payment

  • Sale of your existing home – provide a copy of the signed sales contract on your current residence and statement or listing agreement if unsold (at closing, you must also provide a settlement/Closing Statement
  • Savings, 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 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

Quick Overview

  • Providing Information

    To speed up the application process, provide all information listed on the left and any additional information requested as soon as possible.

    In short, you will need to provide:

  • Property Information

    Any information you have regarding the property you are purchasing, including sales contracts, verification of deposit, contact information of all parties involved and a copy of the legal description of the property.

  • Proof Of Income If Employed

    Copies of pay stubs, W-2 forms, employer information, explanation for any gaps in employment and work eligibility information.

  • Proof Of Other Types of Income

    For those self-employed or that receives income from commissions, bonuses, interest/dividends or rental properties: 2 years tax returns; year-to-date P&L; K-1’s; corporate tax returns.

    Income From Alimony or Child Support: Divorce agreement showing amount to be paid, as well as proof of actual money received.

    Social Security, Disability & VA income: Award letter from agency or organization.

  • Funds for Down Payment

    Any documentation showing sources of funds for a down payment. E.g: sale of previous home; savings; checking account balance; money market funds; stocks and bonds; gifts.