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Homebuying & Selling | 2 min read

Must-Have Documents to Apply for a Mortgage Loan

MustHaveDocs_MortgageLoan_(2)Applying for a home loan may be unfamiliar territory. The application may seem intimidating; gathering who knows what documents can be frustrating, and approaching a new situation unprepared can leave you feeling defeated and unmotivated. 

While everyone's situation is different, there are some items all borrowers are asked to provide. Prepare yourself from having to stop during the application process by having these mortgage application documents and pieces of information readily available when you sit down to complete the mortgage loan application:

  • Valid driver's license or other government-issued photo identification—should include date of birth

  • Social security card

  • Most recent statements for the last two months on all checking, savings, stock, mutual funds, IRA, or other liquid asset accounts

  • If you are salaried, your most recent pay stubs for the last 30 days

  • W-2 forms for the past two years, and full federal tax returns for the past two years, including all schedules [What if I don't have my federal tax returns?]

  • If you are self-employed or you own more than 25% of a business, copies of business tax returns for the past two years, including all schedules

  • If you have been divorced, a copy of final decree.

  • Documentation pertaining to any resolved or unresolved credit disputes you may have had.

  • Loan information, including balance, monthly payment, and any rents collected for other real estate owned, if applicable

  • Sales contract, if available

  • Funds for credit report and appraisal

  • Accurate addresses and landlord/mortgage company information for past two years

  • Certificate of Eligibility and DD-2214 or Statement Service, if applying for a VA loan

  • If you filed a previous bankruptcy, a copy of complete bankruptcy papers with a copy of discharge

  • If applying jointly, each borrower must provide the same documentation noted above

  • If you sold property in the last three months, a copy of the settlement statement

  • You may be asked to provide proof of all deposits over $300 that are not identified on any cash asset statements.

*Depending on your situation, you may be required to provide more or less documentation.

Keep in mind that you should refrain from making other large purchases on credit when applying for a mortgage loan as it could affect your loan eligibility and/or closing date.

Download our mortgage application checklist to learn more about what you need to prepare for a mortgage loan application

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