Document Checklist for Purchases

By on July 21, 2014

Because the Application process requires detailed and sometimes hard-to-find documents, we have put together a checklist of what you will want to provide when applying for a new home loan. Having these documents will insure that your application and loan will be processed as quickly and as accurately as possible.

The Basics:

  • Most Recent 2 years Federal Tax Returns – ALL pages & Schedules
  • Most Recent two years W-2s
  • Current Mortgage Statement(s), including Lines of Credit – for all financed properties
  • Current Mortgage Note(s) for all financed properties
  • Homeowner’s Insurance Declarations Page (showing coverage and premiums) – for all financed properties
  • Property Management phone and email – for Renters and Condo and Town Home owners
  • Clear copies of Driver’s License & Social Security Card

For Salaried or Hourly Employees:

  • 30 days most recent Pay Stubs
  • 2 months most recent Bank Statements – ALL pages

For Self-Employed Individuals:

(including 1099 and commissioned employees)

  • All documents from above list, plus:
  • Most recent 2 years Corporate or Partnership Returns, including K-1s (if applicable)

If Receiving Social Security, Disability or Pension:

  • Copy of Social Security Awards Letter and/or Pension Awards Letter
  • Most recent 2 years SSA-1099

Other – If applicable:

  • Divorce Decree and Initial Filing – ALL pages
  • Bankruptcy Papers – ALL pages (if discharged within the last 7 years)

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