Document Checklist

• Full legal name, social security number, and date of birth
• Primary phone number, email address, current and former residential/mailing addresses over the last two years
• Gross income amount, including primary, secondary and part-time jobs, as well as overtime, bonuses, and commissions, if applicable
• Secondary income sources and amounts, including retirement or veteran’s benefits, disability payments, alimony, child support, and rental or investment income
• Name, address, and phone numbers of all employers over the last two years
• Value of each bank account, retirement account, investment account, and other asset accounts
• Current expenses, including housing, credit cards, loan payments, child support, and other obligations
• Address of property being purchased, year built (if known), estimated down payment amount, and purchase price
• Estimates of annual property taxes, hazard insurance, and any homeowner association dues on the property

Documents

Your home mortgage expert will ask you to provide some or all of the documents listed below. Be prepared to provide additional documents as your application moves further along in the process.

Income / Employment / Assets

• IRS Form 4506-T — Request for Tax Transcript, completed, signed, and dated
• Paystubs for all jobs and applicants, covering the last 30 days with year-to-date information included
• W-2 forms for the past two years
• Federal tax returns (1040s) for the past two years
• Written explanation if employed less than two years or employment gap exists within the last two years
• Asset / Bank statements with all pages — Most recent two month statements for all accounts listed on the application

Credit

• Credit explanation letter for late payments, collections, judgments, or other derogatory items existing in credit history
• Documentation for any large deposits on asset statements (outside of payroll or gift fund deposits)
• Judicial decree or court order for each obligation due to legal action (example: lawsuit, judgment, child support)
• Bankruptcy / Discharge papers for any bankruptcies existing in credit history
• Payment history for public utilities, phone company, cable, car insurance, and other expenses

If Self-Employed

• List of all business debts
• Year-to-date profit and loss statement
• Federal tax returns (personal as well as business returns) with all pages for the last 3 years

Other

• Driver’s license and social security card
• Hazard (Homeowner’s) insurance information, including agent’s name and phone number
• Gift letter explaining gift funds (if applicable)
• Purchase contract signed by all parties (fully executed)