What to Bring

Here's a Mortgage Application Checklist for information that's usually required for most applications. To ensure that the mortgage process goes as smooth as possible, make sure you have all these items ready before sitting down with the lender.

INCOME

• Current pay stub & W2's or 1099's for 2 years
• Names & addresses of employers for the past 2 years
• Details of all other continuing income sources

ASSETS

• Names, addresses, account numbers and balances for:
• Checking Accounts
• IRA's 401K and Keogh
• Savings Accounts
• Credit Unions
• Investment and stock accounts
• Gifts (complete details on all monetary gifts)

DEBTS

• Names, addresses, account numbers and balances for:
• Charge Accounts
• Personal Loans
• Auto Loans/Leases
• Student Loans
• Current Mortgages
• Alimony and child support payment
• Signed copy of Agreement of Sale (when you have it)

SELF-EMPLOYED BORROWERS*

• Signed copies of last 2 years Federal Tax Returns (1040's) with all schedules
• Copy of Partnership Return for 2 years (if applicable)
• Copy of Corporate Return for 2 years (if applicable)
• Current Balance Sheet
• Most recent Profit and Loss Statement (no more than 120 days old)

Note: Borrower who has an ownership interest of 25% or more in a business is considered to be self-employed.

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