Documents Required for a Home Loan Mortgage

It’s perfectly natural to be a little apprehensive about the mortgage application process, especially if you are a first-time home buyer

Listed below are the types of documents you will generally need when applying for your loan.

Don't let this list scare you. It’s designed to give you a general sense of the types of things you may need to apply for a mortgage. Chances are you have many of them on hand or easily accessible already.

This list will enable you to gather what you need for the mortgage application process ahead of time, so things can move along smoothly when you are ready to move forward with pursuing a home loan.

Commonly Required Documents

Personal & Identification

• Social Security numbers
• Home addresses for the past two years
• Proof of identification (Driver’s license, passport, etc.)
• Copies of Social Security cards (if requested)

Income Documentation

• Most recent pay stubs covering at least 30 days
• W-2 forms for the past two years
• If self-employed: Federal tax returns for the past two years (all pages and schedules)
  Note: Self-employed borrowers will need to provide both personal and business returns.
• Social Security or pension award letters (if applicable)
• Documentation for child support or alimony only if you choose to use it as qualifying income

Assets & Accounts

• Two months of statements for checking, savings, IRA, 401(k), and investment accounts
• Gift letter if funds from family or friends will be used for down payment or closing costs

Additional Documents That May Be Needed

Depending on the type of loan and your individual situation, you may also be asked for:

• Letters of explanation for items on your credit report (late payments, collections, recent credit inquiries, etc.)
• Landlords name, address & phone number, if you rent

Interested in Getting Started?

Call or email today for more details