Application Checklist

Introduction:

Applying for a mortgage can be a smooth process with proper preparation. Here's a comprehensive checklist of documents typically required, though specific needs may vary.

Remember: Prompt cooperation in providing additional documentation speeds up the process.

Property Documents:

• Signed Sales Contract with Riders
• Proof of Home Deposit
• Contact Information for Real Estate Professionals (Realtors, Builders, Insurance Agents, Attorneys)
• Listing Sheet and Legal Description (if available)
• Condominium Documents (Declaration, Bylaws, Budget - if applicable)

Income Verification:

• Pay Stubs (Last 30 Days & Year-to-Date)
• W-2 Forms (Past 2 Years)
• Employer Contact Information (Past 2 Years)
• Employment Gap Explanation (if applicable)
• Work Visa/Green Card (if applicable)

Self-Employed/Commission/Bonus/Rental Income:

• Full Tax Returns (Past 2 Years) & Year-to-Date Profit & Loss Statement
• K-1s for Partnerships/S-Corporations (Past 2 Years)
• Completed Business Tax Returns (if ownership ≥ 25%)

Alimony/Child Support Income:

• Divorce Decree/Court Order with Proof of Receipt (Past Year)

Social Security/Disability/VA Benefits:

• Award Letter from Relevant Agency/Organization

Source of Down Payment:

• Sale of Existing Home: Signed Sales Contract & Statements (or Listing Agreement if unsold)
• Bank Statements (Savings, Checking, Money Market - Last 3 Months)
• Stock/Bond Statements or Certificates
• Gift Affidavit & Proof of Receipt (if applicable)

Additional Documentation:

• Debt Obligations List: Account Details & Statements (Last 3 Months)
• Mortgage/Rent Payment History (Last 2 Years)
• Alimony/Child Support Order (if applicable)
• Application Fee Check

Important Note: This list is not exhaustive. Based on your application and credit report, further documentation might be requested.