When you are at the stage where you are ready to apply for
a principal mortgage on your new home, it is also time to
gather your required documentation. A mortgage is a big commitment
for both you and the lender.
That’s why the lender requires a large amount of documentation
for such a loan. Individual lenders require different documentation.
However, there are certain documents that are required as
a matter of course by most lenders.
Here is a list of some documents you are very likely to need
• Fees for application, appraisal, and credit report.
• Contract of sale featuring both seller and buyer signatures.
• Social Security numbers of all parties to be named
on the mortgage.
• Two years worth of past addresses, including landlord
names and addresses for rental properties.
• List of employers for last two years, including names
• Records of last two years income.
• Copies of recent W-2 forms
• Copy of most recent pay stub
• Relevant information, including name, address, phone
number, and monthly payment amount for all debts, including
auto loans, student loans, credit cards, mortgage loans, and
other installment loans.
• Deposit account names, addresses, phone numbers, and
• Three months statements for these deposit accounts.
• Proof of payment for child support or alimony (if
Other requirements include a certificate of eligibility for
VA loans, and two years of income tax returns for individuals
who are self-employed. If you own additional properties, you
should also include their addresses, the amount of debt you
owe on the properties, related tax returns, and a lease agreement
if you are renting the properties.
If you have a bankruptcy in your history, you will want to
include a copy of the petition and discharge, along with a
hand-written not explaining the reason for the bankruptcy.
Evidence of excellent credit following the bankruptcy is also
usually greatly appreciated.