Mortgage Application

The following is a list of items that will be needed for your mortgage approval.  

The process of a formal approval in some instances can be 48 Hours or less if you are prepared with these items at the application. Of course the approval would be subject to an acceptable appraisal and acceptable title on the property. If you do not have all the items on the list, don’t worry. It is still better to take the application and get the loan officer the needed items later.

1. W2’s for the past 2 years
2. Most recent pay check stubs covering the last 30 days
3. Residence address for the past 2 years
4. Names and addresses of each employer for the past 2 years
6. Last 3 months bank statement for all checking and savings account
7. Names, addresses, account numbers and monthly payment on all open loans.
8. Addresses of other real estate owned, if any
9. Money or checkbook for appraisal ($325-$450). If this is for a pre-approval, no money will be needed at the application. The appraisal fee will be due when you find a home.
10. Current Mortgage Statement or Landlord addresses and phone numbers for the past 2 years
10. 2 year tax returns if you are self employed, and/or using
commissions or bonus's as income. Most if not all
special first time home buyer programs require 3 year
tax returns.