Mortgage Application Checklist



Before you go out and look at dozens of homes, it’s best if you secure a preapproval from a lender. The worst possible situation you can find yourself in, is to find your dream home, only to find out it’s un-obtainable.  It’s best to talk to a lender that can provide you with several different mortgage products available to you and fit best with your current situation and/or circumstances.

 I can recommend specific lenders to make contact that have a reputation of getting the job done and that have a proven track record of successfully closing deals. It’s best to consider a lender that is has a local presence, one that has local representation and offices where you know who you are dealing with and is familiar with the area.  Not to mention to be able to speak to the same person, every time you call about something concerning the process. Somewhere you are not just another number, phone call.  Someone that we are familiar with and can assist you with anything and to be able to have face to face meetings with your loan officer, which we highly recommend.

 You should call and talk to  2 or 3 different lender’s and find the one that best fit with you,  you personality and one you feel confident with to get you the finish line, closing table and make this a great /positive experience instead of one that takes all the fun out of purchasing a new home for you and your family.  One that can talk with you about different loan products to best fit your and your family’s needs. All lenders will request different documentation on each loan product you decide best fit your current needs. 


This list is provided to give you a general idea of what will be required at the time you meet with or fill out your mortgage application online or in person.  Please check with your lender for a complete list of necessary information.


  • Social Security Number and Birth Date - Required of you and any co-borrowers
  • Paycheck - Your most current pay 30 days’ worth of paystubs showing year-to-date earnings
  • W-2 Tax Forms and/or 1099s - The lender will require most recent 2 years
  • Employers – Complete list of names, addresses, and telephone numbers of your employers for the past two years
  • Accounts - You will need the account numbers and current balances of your checking account, savings account, money market account or any other accounts you may have
  • Current Assets - Current assets such as IRA’s, CD’s, stocks, bonds or securities. Your lender may require a current brokerage statement with name of the stock, amount per share and number of shares owned. The terms of withdraw if you are using as assets on your application
  • Personal Property - Value of personal property including life insurance face value, employee retirement accounts, furniture, cars, jewelry, coins, and other valuable property, should you want to use these items on your application.
  • Liabilities - For each loan, provide the lender with the name and address of each creditor and include both the monthly payment and total amount due. Liabilities will include auto loans, student loans, credit cards and any other installment debt. These debts will default from your credit report, but the lender will need to know if you have any debt that is not reporting on your credit report.
  • Current and Previous Addresses - If you own a home you will need the property address, current market value, mortgage lender name, account number, current monthly mortgage payment and outstanding balance (a monthly mortgage statement). If you rent, you will need a copy of the lease and/or you will need the property address, name and address of the landlord, the current monthly rent, and previous address/landlord. You will need information about your former addresses if you’ve lived in your current address for less than two years.
  • Sales Contract - Bring along a signed copy of that agreement and any amendments to it, a copy of the listing form for the property you wish to purchase and the legal description of the property.
  • Special Situations
  • Self-employed or commissioned – Provide most recent 2 years federal tax returns along with a current year-to-date profit and loss statement. Some products will require additional information
  • Separated or divorced - Bring a copy of your divorce decree and separation agreement. If you are receiving alimony or child support and you want it to be considered as income, you’ll need proof of this income (cancelled checks for the past 12 months, for most products available).
  • Applying for a VA loan – Provide your Member Copy #4 of your DD214