The Mortgage Needs List
The following checklist will facilitate your mortgage loan interview. The checklist includes most of the information that you and any co-borrower will need to supply.
In preparation for your loan interview, review the information below. Once you have completed filling out a Loan Application these documents will be requested:
2 years most recent tax returns, personal and/or business (all schedules/pages are required).
2 years W-2/1099's for each person listed on the loan application (K1's if applicable).
2 most recent pay stubs covering 1 full month, must include year-to-date earnings (be sure the entire page is legible and nothing has been cut off in the margins).
2 most recent checking/savings/retirement statements (All pages, even if they are blank, are required. If you have any large unidentified deposits, we need documentation showing where the money came from).
A current mortgage statement (if applicable).
Social Security Card
There may be some special situations that require you to supply additional information. These include:
If you are self-employed or work on a commissioned basis, you should bring your federal tax forms for the past two years and a current year-to-date profit and loss statement.
If you are separated or divorced, you should bring a copy of your divorce decree and separation agreement. Also bring documentation on alimony or child support payments you are required to make or you receive as income. Proof of this income can be the clerk of court's history of payments or canceled checks for the past year.
If you include pension, disability, Social Security, or other public assistance as part of your income, you'll need to bring a copy of an award certificate or a check from the issuing agency.
If you have a bankruptcy, foreclosure, or any judgments against you over the past seven years, you'll need to bring relevant information about the proceedings. Such information includes a copy of the bankruptcy discharge and schedule of both debts and assets. An attorney's letter that discusses the outcome of the proceedings should be included if there are judgments against you.