Home Loan Document Checklist

To make the application process go as smoothly as possible, please gather these documents. (NOTE: Other documentation may be required during the process.)

Income Verification

• W2’s for the past two years
• Paystubs covering the last 30 days
• Written explanation if employed less than two years or employment gap within the last two years
• Federal tax returns for last two years may be required if income is received from other than wages (such as rental income)

Social Security, Disability, or Pension Income

• Social Security Award Letter
• Pension Award Letters

Purchase Property Information – If purchasing a property, lender needs the following:

• Copy of signed Purchase Agreement – all pages and all counteroffers
• Copy of Deposit Receipt with –
• Name and address of HOA if applicable
• If a Condo, HOA Certification
  • This document provides all the information about the Homeowner’s Association and the project
  • The HOA charges a fee for this and it varies

Asset Documentation – Bank Accounts; Retirement (401K, IRA), Investments (Stocks)

• Last two months’ statements for all accounts.
  • Include all pages, even if they are blank
  • Letter of Explanation and documentation for any large or unusual deposits or withdrawals

Rental Properties

• Most recent mortgage statement(s) for all existing mortgages
• Homeowner’s Insurance Declaration Page for all properties
  • Also for Flood Insurance or Earthquake Insurance if applicable
• Homeowner’s Association Statement (if applicable) – all properties
• Tax Bills – all properties

Other

• Divorce Decree
• Legal Separation Agreement