Applying for A Mortgage

Loan application information

You’ll need to provide the following information when you apply for a mortgage.

  • Full name, birth date, Social Security number and phone number.
  • Marital Status, the number and ages of your children.
  • Two years of residence history: Rent payments or mortgage, insurance and tax records for all of your properties.
  • Two years of employment history, including company names, addresses, phone numbers and your title(s).
  • Two years of income history, including any commission, bonus or self-employed income.
  • Checking, savings, investment and retirement account balances.
  • Confirmation of bankruptcies or foreclosures within the past seven years, lawsuits you’re party to, or loans you co-signed.
  • Confirmation if you’re borrowing part of your down payment.
Employment and income
  • Income from rental properties.
  • Pay stubs for at least 30 days.
  • W2 forms for all jobs you worked in the past two years.
  • Personal federal tax returns for the past two years.
  • If self-employed or greater than 20 percent owner is a company, business federal tax returns for the past two years and a year-to-date profit and loss statement for the business.
  • Divorce decree and receipt (or payment) schedule of alimony and/or child support for at least three more years from the time of loan closing.
  • Signed verification from donor and recipient that gift funds aren’t loan.
Required loan documentation

This is a partial list of documents you can expect a lender to ask for.

Credit and finance
  • Written and/or verbal authorization for your lender to run your credit report.
  • Full documentation and letters of explanation for any derogatory information on your credit report.
  • Discharge papers for any bankruptcies in the past seven years.
  • Last two months statements for all checking, savings investment and retirement accounts, including a paper trail for large deposits and withdrawals.
  • If you’re a renter: 12 months of canceled rent checks or bank statements to show on-time payments.
  • If you’re keeping and renting out your existing home: a lease agreement and proof you’ve deposited the first month’s rent.
  • If you’re selling your existing home before closing on the new home: a listing agreement for the existing home and proof that it closed.