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Documents needed to start mortgage approval process
Once you have gotten a pre-approval letter and found a home that you are going to purchase, it is now time to start the mortgage approval process. Your mortgage loan originator will be forwarding you a completed mortgage application along with proper mortgage loan disclosures for your signature. Once you sign the mortgage loan application and disclosures, you also need to submit a list of items in order for the mortgage loan approval process to start. Here is the list of documents that you need to submit:

Documents Required To Process Your Loan

Please provide us with the following items applicable:

1. Two months of most recent bank statement for deposit accounts (checking/savings) we need all pages even if they are blank. If it is a transaction history it must be from the bank teller and it must be signed, dated and stamped by the teller and must be for 60 days.

2. Two years of tax returns and W2’s for salaried / hourly wage borrowers. Two years of tax returns year to date profit / loss statement and current balance sheet for self employed borrowers. Page 2 of taxes must be signed by customer and preparer if they were prepared by an accountant. We will need all pages even if they are blank.

3. Mortgage Note and riders for existing mortgages on property. We need all pages even if they are blank.

4. Two most recent pay stubs covering one month of pay

5. Copy of homeowners insurance or name and address and phone number of insurance agent you will be using

6. Divorce decree if applicable. Alimony agreement and child support documentation if applicable we need all pages even if they are blank

7. 401K, Profit Sharing and/or Pension Fund statements and once again all pages are need even if blank. If you using these accounts please provide me with terms and conditions for accounts for eligibility to with draw fund from these accounts.

8. Investments Stocks, Bond, Fund and/or Portfolio statements we need all pages even if they are blank.

9. Copies of Driver’s License and Social Security card or other forms of identification is need and required.

10. Copies of fully executed purchase contract with all addendums needed and if property is a Condo or Townhome please furnish the association name, phone number and contact person.

11. Copy of Social Security award letters if applicable.

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