Mortgage Loan Application Checklist

Are you ready to apply for a mortgage loan?  Make it a little easier on yourself and use this checklist to ensure that you have everything you will need to apply.

Employment

____ List of names and address of all your employers in the past two years

____ A copy of your last two pay stubs

____ Your W-2 forms for the last two years

____ If self-employed a copy of your tax returns for the last two years

____ If self-employed a copy of your year to date profit and loss statement and balance sheet

Assets

____ List of all bank and accounts including the names, addresses, and account numbers

____ List of all brokerage accounts including the names, addresses, and account numbers

____ Copies of your most recent statements for your 401K, savings plan, IRA, etc.

____ Copies of statements for all asset accounts for the last three months.

____ Copies of court records or cancelled checks showing payment of alimony/child support if you wish to include this income.

Liabilities

­____ List of names and account number for all mortgage loans for the past two years

____ List of names and addresses for all landlords in the past two years

____ List of names and account numbers for all revolving accounts (credit cards, home equity, etc)        

____ List of names and account numbers for all installment loans (student loans, car loans, mortgage loans, etc)

____ If you filed bankruptcy in the last seven years, a copy of petition and discharge with a handwritten explanation of the reason, and evidence of excellent credit since the filing

Other

____ Copies of your driver’s license and social security card (the lender will make a copy at your appointment if you do not already have one)

____ A copy of the signed sales contract if a home has already been purchased

____ If divorced a copy of the divorce decree

____ A copy of the signed earnest money contract

____ A copy of any lease agreements on rental properties

____ A check for the cost of your credit report and appraisal if applicable

Be sure to check with your lender prior to your appointment to find out if there is anything else you will need to bring.