Documentation is probably the most cumbersome part of the mortgage loan process. We try to ask for all documents up front, so that you aren’t scanning and uploading throughout the entire process. Below is a list of the documents that are typically required. Not all documents will apply to your specific scenario, but this will give you a general idea of what is needed.
Items which may be required
ALL BORROWERS – This is a generalized list of the documents needed for a mortgage loan. Each loan scenario is different, and you may not be required to provide all items below.
- Copies of W-2s for the last two (2) years
- Copies of paycheck stubs for the last 30 days (most current)
- Documentation supporting money received from social security/retirement trust income (i.e. copies of direct deposit bank statements, awards letter for SSI or pension)
- Copies of checking and savings account statements for last two (2) months (all pages, even if blank)
- Supporting documentation for any large deposits over 50% of total monthly income (copy of check, bill of sale, etc)
- Copies of quarterly or semi-annual statements for checking, savings, IRAs, CDs, money market fund, stock, 401K, profit sharing, etc. (if applicable)
- Copy of sales contract when ratified
- Employment history for the last two (2) years (address any gaps of employment)
- Residency history over the last two (2) years
- Canceled earnest money check when it clears or corresponding bank statement, if applicable
- Commission or bonus income – copy of year end paystubs for the last two calendar years to show full earnings breakdown (goes into more detail than W-2)
- Any assets used for down payment, closing costs, and cash reserves must be documented by a paper trail – for example gift funds must be sourced with donor info and gift letter
- If paid off mortgage/sold home in the last two (2) months - need copy of Seller Closing Disclosure for that sale
- Copy of driver's license for applicant and co-applicant or other Government ID
- Copies of most recent two (2) years tax returns (with all schedules including K-1s if applicable)
- Tri-Merge Credit report will need to be pulled (we do have the ability to start with a soft pull)
Self-employed Borrowers
- Copies of most recent two (2) years tax returns (with all schedules including K-1s if applicable)
- Copy of current YTD profit & loss statement and balance sheet (in some cases, depending on loan scenario)
- Copy of corporate/partnership tax returns for most recent two (2) year period. If owning 25% or more of company - need copies of W-2s and/or 1099 forms.
Documents Which May be Required in Certain Scenarios
- Previous bankruptcy - need copies of petition for bankruptcy and discharge, including supporting schedules
- Divorce Decree, if applicable
- Child Support Documentation, if applicable
Refinance Checklist
- Copy of Warranty Deed (available online)
- Copy of Owner's Title Insurance Policy
- Copy of Homeowner's and Flood Insurance Policy
- Copy of Property Survey
- Copy of Mortgage Payment Coupon (also 2nd mortgage coupon if this applies)
- Copy of most current Mortgage Statement (second mortgage / HELOC statement also if applicable)
- Association or Condo payment coupon (if applicable)
We offer a secure portal to upload your documentation to. If you’re ready to start the mortgage process, please START AN ONLINE APPLICATION and you will be provided a secure location to upload your documentation. Our app makes it super simple – all you have to do is take a photo of the document and the system will automatically convert it to a PDF. You are also welcome to drop off documentation to our office, fax it to us or email directly.
