Mortgage Loan Application Checklist

In general, the proper documentation you will need to file a complete mortgage application includes:
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Property Information

• Purchase Agreement.
• Copy of 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).

Income & Assets

• 2 current Pay stubs from the last 30 days.
• For the past two years:
• Names and addresses, phone of each employer.
• 2 yrs W-2s (or 1099's if any)
• 2 months Statements for each bank, mutual fund, and/or investment account.
• If you have made any large deposits to your accounts:
• Explanation and source for deposit.

If large deposit was a gift:

• Signed gift letter (we can supply form).
• 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 two years (with schedules).
• Year-to-Date Profit and Loss Statement.

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 or other supporting documentation such as monthly court statement.

Credit

• Explanation of credit report anomalies, including:
• Any paid collection accounts
• Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

VA Loans

• Copy of DD Form 214, Report of Separation.

Miscellaneous

• 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.

Click here to start your online mortgage application now.

Contact John at: ​617-962-0152