Application Checklist

Below is a checklist of the items typically required by lenders in order to secure credit and close on a mortgage loan. The earlier you can pull the relevant information and documentation together, the quicker and more painless the process will be!

Lender / Landlord Contact Information

  • Landlord Contact information (2 years)

  • Mortgage Lender contact information (2 years)

Financial Documentation

  • Most recent paystubs (30 day period)

  • W-2 forms (2 years)

  • Federal Tax Form 1040 with all schedules (2 years)

  • 3 most recent bank statements (Checking, Savings, IRA, Investment, etc)

  • 1099 forms (2 years) if applicable

  • Federal corporate tax return form 1120 or 1120S with all schedules (2 years) if applicable

  • YTD P&L statement and balance sheet (signed) if applicable

Real Estate Information

  • Copy of sales contract (subject property)

  • Copy of sales contract (current home)

  • copy of deed or deed of trust (subject property) if refinance

  • Settlement statement for any property sold in last 12 months

  • Current leases for all rental property (extensions required if original lease expired) if applicable

  • Pre-sale questionnaire from condo / townhouse management company (if applicable)

Letters of Explanation / Other

  • Gift letter with donor verification (if applicable)

  • Credit report issues summary and explanation (if applicable)

  • Reason for refinance (if applicable)

  • Gap in employment / job history (if applicable)

  • Increase in account balance / large deposit explanation (if applicable)