Mortgage Loan Application Checklist
In general, the proper documentation you will need to file a complete mortgage application includes:
Copy of 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).
For the past two years:
Names and addresses, phone of each employer.
2yrs W-2s (or 1099's if any)
2months Statements for each bank, mutual fund, and/or investment account.
If you have made any large deposits to your accounts:
Explanation and source for deposit.
If large deposit was a gift:
Signed gift letter (we can supply form).
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 two years (with schedules).
Year-to-Date Profit and Loss Statement.
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 twelve months of cancelled child support checks or other supporting documentation such as monthly court statement.
Any paid collection accounts
Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
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.
Click here to start your online mortgage application now for property located in NH or MA.
- Property Information
Copy of 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
For the past two years:
Names and addresses, phone of each employer.
2yrs W-2s (or 1099's if any)
2months Statements for each bank, mutual fund, and/or investment account.
If you have made any large deposits to your accounts:
Explanation and source for deposit.
If large deposit was a gift:
Signed gift letter (we can supply form).
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 two years (with schedules).
Year-to-Date Profit and Loss Statement.
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 twelve months of cancelled child support checks or other supporting documentation such as monthly court statement.
- Credit
Any paid collection accounts
Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
- VA Loans
- Miscellaneous
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.
Click here to start your online mortgage application now for property located in NH or MA.