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The following checklist covers most of the types of information you and any co-borrower will need to supply. Some lenders have slightly different information requirements, so you may also wish to ask your lender what to bring to your initial loan interview.
Social Security Number and Birth Date
Your social security number and birth date and those of any co-borrowers.
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Paycheck
Your most recent pay-stub showing year-to-date earnings.
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W-2 Tax Forms
Your W-2 tax forms for the past two years (these should be the original tax forms sent you by the Internal Revenue Service).
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Employers
The names, addresses, and telephone numbers of your employers for the past two years.
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Accounts
You will need the account number and current balance of your checking account, savings account and any other accounts you have.
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Personal Property
Value of personal property including life insurance face value, employee retirement accounts, furniture, cars, collections, and other valuable property.
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Liabilities
For each loan, provide the lender with the name and address of each creditor and include both the monthly payment and total amount due. Liabilities would include auto loans, student loans, credit cards, and other installment debt.
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Current Assets
Current assets such as Individual Retirement Accounts (IRAs), certificates of deposit, stocks, and bonds. If you own securities, your lender may require a current brokerage statement with name of the stock(s), amount per share, and number of shares owned.
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Current and Previous Addresses
If you now own a home you will need the property address, current market value, mortgage lender name, account number, current monthly mortgage payment, and outstanding mortgage balance due. If you rent, you will need the property address, name and address of the landlord, the current monthly rent, and previous address/landlords. (You'll only need to provide information about your former addresses if you've lived in your current address for less than two years.)
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Agreement to Purchase
If you have already completed an Agreement to Purchase on a home, bring along a signed copy of that Agreement, and any amendments to it, a copy of the listing form for the property you wish to purchase and the legal description of property (such as square and lot number), and receipts for earnest money
or down payment deposits toward that property. Even if you don't have a signed purchase and sale agreement, you are welcome to come in for a free pre-qualification. In that way, you can find out what price range you will qualify for prior to looking for a new home. |
Sometimes we will require applicants to supply additional information. Check the list below to see if any of these situations apply to you.
For example:
Q. Are you self-employed or work on a commissioned basis?
A. You'll need to bring your federal tax forms for the past two years, along with a current year-to-date profit and loss statement.
Q. Are you separated or divorced?
A. You'll have to bring a copy of your divorce decree and separation agreement, plus documentation on any alimony or child support payments you are required to make. If you're receiving alimony or child support and want it to be considered as income, you'll need proof of this income (such as the clerk of court’s history of payments or canceled checks for the past 12 months).
Q. Are you including pension, disability, social security, or any form of public assistance benefits with your income?
A. Bring a copy of an award certificate or a check from the issuing agency.
Q. Do you have a bankruptcy, a foreclosure, or any judgments against you over the past seven years?
A. Bring information on the proceedings. Information on bankruptcies should include a copy of the bankruptcy discharge and schedule of both debts and assets. Judgments against you should include an attorney's letter that discusses the outcome of the proceedings.
Q. Are you applying for a Department of Veterans Affairs (VA) Loan?
A. Bring your DD214 form (discharge papers) or your certificate of eligibility.
Q. Are you applying for a Federal Housing Administration (FHA) Loan?
A. Bring along a photo identification card, such as a driver's license. You may also need to bring your Social Security card (if your Social Security card number is not on your photo ID).
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