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)
