Mortgage Basics

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.

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Application Checklist Graphic

Your Property

  • Copy of signed sales contract including all amendments or riders
  • Verification of the deposit you placed on the home
  • Names, email address, and phone numbers of all realtors, builders, insurance agents, and attorneys involved

Your Income

  • Copies of your pay-stubs for the most recent 30-day period
  • Copies of your W-2 forms for the past two years

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

  • Copies of federal full tax returns for the last two years, including all pages, schedules, and supporting documentation. 

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 6 months.

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 (at closing, you must also provide a settlement/Closing Statement)
  • Savings, checking or money market account statements for the last 2 months
  • Stocks and bonds - account statement for the last 2 months or quarter. 
  • Gifts - If part of your cash to close, provide Gift Affidavit and proof of receipt of funds