Mortgage Loan Application Checklist!

Documents Needed to Complete Loan Application

Copy of Purchase Sales Contract

or Offer to Purchase and All Addendums

Property Information Listing Sheet

or Multiple Listing Service Sheet

Tax Returns - Previous two (2) years personal federal income tax returns and all schedules if you are:

  • Self-Employed

  • Employed in a Family Business

  • A Tradesman

  • Receiving all or part of your income from bonus, commission, partnership, or trust income. 

Or if you:

  • Own rental property

  • Have income from an otherwise non-verifiable source such as corporate ownership, installment sales, and tips. 

Information Generally Required to Complete a Loan Application 

Employment History - Name and address of employer(s) for the last two (2) years, dates of employment and income. Explanation of recent gaps in employment, if applicable.


Social Security Numbers(s) - For both borrower and co-borrower(s).


Checking and Savings Accounts - Depository institutions names and addresses, account numbers and balances. Depositories include banks, credit unions and savings and loans. Passbooks and banks statements from previous three months may be required.


 Stocks, Bonds, Investment Accounts - Name and address of broker and previous three months statement or copies of the stock certificates. A list of serial numbers and issue dates may be acceptable for verifying bonds.

Life Insurance Policies - Name of insurance company, policy number, face amount and approximate cash value of each policy.

Retirement Plan - The approximate value of vested interest and a copy of the most recent statement.

Automobiles Owned - Make and year of each automobile owned and current market value. (Evidence of clear title may be required if owned free and clear.)


Other Assets - Estimate of the market value of other assets; i.e., furniture or personal property.

Credit Information - For each open account, including credit cards with a zero balance, provide:

  • Creditor Name

  • Address           

  • Account Number

  • Payment Amount

  • Current Balance                     

  • Date paid in Full and Copy of Statement with -0- Balance. (If applicable.)




You may also be requested to provide information regarding any application you have made for credit within the last ninety (90) days prior to making 

Additional Information that May Be Required

Self-Employed Borrower - Previous two (2) years and current year-t0-date Profit and Loss Balance Sheet.


Divorced or Separated -  Copy of divorce decree or maintenance agreement, along with any amendments and a 24-month payment history of alimony/child support payments, if such payment is provided or received. 


Overtime Income - W-2's from previous two (2) years of overtime income will be used to qualify. 


Other Income - Documentation of the income received for the past 12-month rental payment history. Rent receipts or canceled checks are acceptable. 

Real Estate Owned - Name and address of your mortgage lender, account number, and most recent year-end statement. In addition, if the real estate owned is:


  • Currently Rented - a copy of the current lease or rental agreement for each unit.

  • Listed for Sale - A copy of the listing agreement. 

  • Sold but Not Closed - a copy of the sales contract and escrow number.

  • Sold, Closed and the Proceeds From the Sale Will be Used for the Down Payment - a copy of the HUD 1 Uniform Settlement Statement.

Gift Letters - If your source of down payment is a gift, a signed letter is needed from the donor to verify that you are not required to repay the funds. 



Construction/Permanent Loan - Signed construction contract with a cost breakdown and builder plans.