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Mortgage Application Checklist

The mortgage application requires a good deal of information.  The information as well as the documents proving the data can feel very personal. The lender is required by some laws to ask for some data. Other data is the lender’s policies and lending guidelines.


Full legal name, Social Security number, Date of Birth
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, if you want them considered for repaying this loan – 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
Bank account, retirement, investment, and other asset accounts with account numbers and addresses
Current expenses including housing, credit card and loan payments, child support and other obligations


The lender or their representative will ask the borrower to provide some or all of the documents listed below. Be prepared to provide additional documents as your application moves further along the process.

Income / Employment / Assets
Request for Tax Transcript, completed, signed and dated (IRS Form 4506-T)
Pay stubs covering the last 30 days with year-to-date information included (for all jobs and applicants)
W-2s 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— Most recent two months’ statements for all accounts listed on the application– all pages


Credit explanation letter for late payments, collections, judgments or other derogatory items existing in credit history
Source of funds 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

Federal tax returns (personal as well as business returns) — complete copies for the last 3 years
Profit and loss statement— year-to-date
List of all business debts


Driver’s License and Social Security card— legible copies
Homeowner’s insurance information including agent’s name and phone number
Purchase contract — signed by all parties (fully executed)


Address of property being purchased, year built (if known), estimated down payment amount, purchase price are all important information.