Documents Needed to Submit a Mortgage Application
When a loan application is submitted, supporting documents must be submitted at the same time to verify the information listed on the application. The paperwork needed varies by application type. Below is a list of the supporting documentation that must be submitted for each loan type:
Documents Needed
- Copies of your pay-stubs documenting the most recent 30 days and showing Year-to-Date income (if you are currently employed)
- Copies of your last 2 years W-2’s (if you are currently employed)
- Copies of your last 2 years’ tax returns (Please sign page 2 at the bottom using ink.)
- Copies of your most recent bank statements covering two full monthly banking cycles (Internet transaction histories cannot be substituted in lieu of bank statement copies.) (Please do not redact any information on the statement as Underwriters will not accept redacted bank statements)
- A copy of your most recent IRA, 401(k), pension or retirement statement(s)
- A copy of your Driver License or photo ID for non-driving Borrowers (for all Borrowers applying)
- A copy of your Social Security card (for all Borrowers applying)
- Contact information for Insurance Agent if you plan to obtain a homeowner’s insurance policy from your agent
- Borrower's Authorization Form (This document can be downloaded in the "Documents" section on our website)
- Divorce Decree or court order to document child support and or alimony received or paid (if applicable)
- Complete Bankruptcy Papers Including all Schedules and a Copy of the Discharge of Debtors (if applicable)
- Additional income documentation if received (e.g. mileage, auto allowance, etc.)
- If your income increased by more than 30% from last year to this current year please write a letter of explanation.
- If your income decreased by more than 10% from last year to this current year please write a letter of explanation.
Additional Documents Needed for Self-Employed Borrowers
- A copy of your business license
- A letter from your CPA or accountant stating you are self-employed and have been for at least two years
- A current profit and loss statement generated by your CPA or Accountant
Additional Documents Needed if You Own Additional Real Estate
- A copy of your most recent mortgage statement (for each property owned)
- A copy of your property tax bill (for each property owned)
- A copy of your homeowners insurance declaration page (for each property owned)
- A copy of your Homeowners Association bill (for each property owned if applicable)
- A copy of your rental agreement you have with any tenants (for each property owned if applicable)
Additional Documents Needed if You Receive Social Security or Disability Income
- A copy of your Social Security or Disability award letter(s).
Additional Documents Needed if You are Applying for a VA Loan
- A copy of your DD214 form
