Borrower Checklist

Be one step ahead by having documents ready!


To prepare for the home loan process, you and your co-borrower (if any) will need to fill out and/or provide some documents that your Loan Originator will ask for. These documents will provide necessary or qualifying information for your loan. You can save time by having these documents ready in advance. Here is a list of what you will need. Keep in mind that you may be asked for more documents later in the process.


Identity Verification

● Full legal name, Social Security number and birthdate for all borrowers on application

● Phone number, email address, and current and former residential mailing addresses over the last two years

● Driver's License or Government-issued photo ID for all borrowers on application

● Name, addresses, and phone numbers of all employers over the last two years


Income Verification

● Primary and secondary income amounts and sources

● Name, addresses, and phone numbers of all employers over the last two years

● Pay stubs covering the last 30 days

● Written explanation if employed less than two years or employment gap exists within the last 2 years


Income Verification - Self-Employed

● Federal tax returns, personal and business, including all Schedules, K1's, etc., for the past 2 years

● Profit and loss statement - year-to-date


Purchase Property Information

● Copy of Signed Purchase Agreement-All pages and all counteroffers

● Closing Agent contact information

● Copy of Deposit Receipt

● Contact info for Listing and Selling Agent

● Address of property being purchased, year built, estimated down-payment amount and purchase price

● Estimates of annual property taxes, homeowners insurance and any homeowner association dues


Asset & Bank Documents

● Values of bank, retirement (401k, IRA), investment (Stocks, CDs), and other asset accounts

● Monthly debt obligations

● Last 2 months' statements for all accounts listed on the application (include all pages of the statement, including ones that are blank)

● Explanation and documentation for any large or unsual non-payroll deposits or withdrawals


Tax Documents

● IRS Form 4506-T - Request for tax transcript, completed, signed and dated

● W-2s for the past two years

● Federal tax returns (1040s) for the past two years (all pages are needed)


Mortgage Verification/Homeowner's Insurance

● Mortgage Statement(s) for all existing mortgages for Primary Residence

● Homeowner's Insurance Declaration page

● Homeowners Association Statement (if applicable)


Credit Verification

● Credit explanation letter for late payments, collections, judgments, or other derogatory items in credit history

● Bankruptcy/discharge papers for any bankruptcies in credit history


Social Security, Disability Or Pension

● Social Security Award Letters

● SSA-1099 for the past two years-all borrowers on application

● Pension Award Letters


If You Own Rental Properties

● Signed rental agreement(s) - all properties

● Mortgage Statement(s) - all properties

● Homeowners Insurance - all properties

● Tax Bills - all properties



● Divorce Decree

● Separation Agreement

● Proof account paid

● DD-214-VA loans only

● Certificate of Eligibility- VA loans only

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