There are typically 14 Mortgage Loan Documents that lenders require when you apply for a mortgage, these mortgage loan documents are as follows.
W2s from employers
Credit Report: Lenders are not likely to not ask you to provide a copy of your credit report, they typically pull your credit report (a fee you pay for). Tip: Pull copies of your credit reports from each of the major credit bureaus and ensure any errors are corrected as soon as possible.
Last 2 years tax returns
Gift letter (if applicable): If your lender allows you to use a gift toward your down payment, you may be asked to provide proof of the origin of the gift and that it is intended as a gift and not a loan. If you received the gift from family or friends, they will most likely be asked for a copy of their bank statement or a statement from the account they provided the gift from. The person providing the gift will also need to provide a letter stating that they are not expecting any repayment.
List of your debts, normally listed on your credit report
List of all your assets
Proof of timely rental payments Credit Report (if applicable)
Profit and loss statements (if applicable): Self-employed individuals will most likely need to produce a profit and loss statement for the current year.
Signed sales agreement for your current home (if applicable)
Proof of additional income
Divorcee decree (if applicable)
Bankruptcy paperwork (if applicable)
Copy of Social Security Card/Social Security Number
Copy of driver’s license
If applying for a VA-Backed Loan, mortgage loan documents required:
VA Certificate of Eligibility
DD Form 214
For current servicemembers, Statement of Service and Recent Leave and Earnings Statement
Providing Solutions Because…Your Move Matters!
Michael L. Brownstead
First Sergeant, U.S. Army (Retired)
ABR, GRI, MRP, SRS, REALTOR
Keller Williams Realty
1002 Raintree Cir., Ste. 100, Allen, TX 75013