Loan Application Checklist

hand and pen filling out a loan application checklist

What kind of information will we need in your mortgage application?


In general, the documentation you will need includes:

  • Check for application fee


If you already have a contract on a house:

  • Purchase Agreement
  •  Copy of legal description and MLS sheet.
  •  If you are selling your current home, copy of listing contract.
  •  If you have sold your current home, copy of settlement statement (HUD-1).


  • Pay stubs for the last 30 days.
  • Names and addresses of each employer for the last 2 years.
  • W-2s for the last 2 years.
  • Statements for each bank, mutual fund, and/or investment account for the last three months.
  • Estimated value of personal property and furniture.

If you have made any large deposits to your accounts:

  • Explanation and source for deposit.

If large deposit was a gift:

  •  Signed gift letter (lender can supply).
  •  Copy of gift check.
  • Copy of deposit receipt.

If you own more than 25% of a business:

  • Corporate or partnership tax returns.

If self-employed:

  •  Tax returns for the last three years (with schedules).
  •  Year-to-Date Profit and Loss Statement prepared by an accountant.

If you own rental property:

  • Tax returns for the last two years and current rental agreements.

If you are retired:

  • Pension Award Letter.

If you receive Social Security:

  • Social Security Award Letter.
  • If you are counting child support as income:
  • Copy of divorce settlement.
  • Copy of twelve months of cancelled child support checks.


  • Names, addresses, account numbers, balances and monthly payments on all current loans.
  • Explanation of credit report anomalies, including:
  • Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
  • Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).


  •   Copy of DD Form 214, Report of Separation.


  • Photo ID and proof of Social Security number.
  • Residence addresses for the past two years.
  • If applicable, a copy of your divorce decree.
  • If you are not a citizen, a copy of the front and back of your green card.