The first step in shopping for a home is getting a mortgage pre-approval from your preferred lender. I work with a variety of mortgage brokers who can handle special personal circumstances and find the right lender and terms for you. Before you apply for your mortgage, you’ll need several documents. Here is a comprehensive loan application checklist of possible documents you will want to have available:
- 2 years of employment history
- 2 years of residence history
- Bank names, addresses and account numbers
- 3 months of your most recent bank statements
- All open installments, revolving accounts including names, account numbers, balances and monthly payment totals
- Social security numbers
- Driver’s licenses or any other valid photo ID
- Check for the credit report
- Appraisal check
- Copy of the completed and signed purchase contract
- Copies of notes used for additional income
- Rental property leases, if applicable
- W2 for the last 2 years
- 1 month of pay stubs
- 1 year of cancelled checks (if currently renting)
- A copy of your divorce decree, if applicable
- Last 2 years of personal tax returns (complete)
- Last 2 years of year-end balance sheets (for self-employed business)
- Current year-to-date profit and loss statement (for self-employed business)
