Mortgage Application
Every lender requires documents as part of the process of approving a mortgage loan. Here are documents you’re generally required to provide in your mortgage application.
- W-2 Tax returns — or business tax returns if you’re self-employed — for the last two or three years for every person signing the loan.
- At least one pay stub for each person signing the loan.
- Account numbers of all your credit cards and the amounts for any outstanding balances.
- Two to four months of bank or credit union statements for both checking and savings accounts.
- Lender, loan number, and amount owed on installment loans, such as student loans and car loans.
- Addresses where you’ve lived for the last five to seven years, with names of landlords if appropriate.
- Brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
- Your most recent 401(k) or other retirement account statements.
- Documentation to verify additional income, such as child support or a pension.
It is extremely important that all the documents are provided in a timely manner and that they are complete. Often times lender will require all the pages from the bank statements etc. it is important to provide every single page of the document that is required, otherwise you will slow down the process which may result in a delayed closing.
