Loan Application Checklist

Our loan application checklist is a handy list of all items you will need to provide a loan officer when you go to apply for a mortgage on your property. We suggest making a copy of it so you can compile all the records needed to streamline the application process.

loan application checklistIn general, the documentation you will need includes:

  • Check for application fee.

Property Information

(If you already have a contract on a house.)

  • Purchase Agreement.
  • Copy of legal description and MLS sheet.
  • If you are selling your current home, copy of listing contract.
  • If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

  • Pay stubs for the last 30 days.
    For the past two years:
    • Names and addresses of each employer.
    • W-2s
  • Statements for each bank, mutual fund, and/or investment account for the last three months.
  • Estimated value of personal property and furniture.
  • If you have made any large deposits to your accounts:
    • Explanation and source for deposit.
  • If large deposit was a gift:
    • Signed gift letter (lender can supply).
    • Copy of gift check.
    • Copy of deposit receipt.
  • If you own more than 25% of a business:
    • Corporate or partnership tax returns.
  • If self-employed:
    • Tax returns for the last three years (with schedules).
    • Year-to-Date Profit and Loss Statement prepared by an accountant.
  • If you own rental property:
    • Tax returns for the last two years and current rental agreements.
  • If you are retired:
    • Pension Award Letter.
  • If you receive Social Security:
    • Social Security Award Letter.
  • If you are counting child support as income:
    • Copy of divorce settlement.
    • Copy of tilve months of cancelled child support checks.


  • Names, addresses, account numbers, balances and monthly payments on all current loans.
  • Explanation of credit report anomalies, including:

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

VA Loans

  • Copy of DD Form 214, Report of Separation.


  • Photo ID and proof of Social Security number.
  • Residence addresses for the past two years.
  • If applicable, a copy of your divorce decree.
  • If you are not a citizen, a copy of the front and back of your green card.

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