Mortgage Documents Checklist

This list will help you gather information and documents for your mortgage application, to help get the mortgage process off to a fast and efficient start. Please note: we need this information for each applicant.

If you have any questions or need assistance, please talk to one of our mortgage loan officers.

Income documentation:

Copies of your W-2 forms for the past 2 years
Pay stub(s) for the last 30 days, showing year-to-date and current period earnings
Proof of Social Security or Pension Income, if applicable
Copy of divorce decree, separation agreement, or property settlement agreement, if applicable
Proof of child support/alimony income, if you want to have it considered as qualifying income

If you’re self-employed:

Copies of your signed Federal 1040s for the past 2 years (all schedules and all pages)

Asset information:

Copies of your statements for past 2 months, or your last quarterly statement, for all checking, savings, IRA, 401(k) or other retirement program, stock and mutual fund accounts (all pages)

If you are receiving money from a relative for the down payment:

Copy of gift letter (mortgage loan officer will provide a form to you)
Proof of the donor’s ability to give funds
Documentation of your receiving the funds

If you are selling Real Estate and the proceeds will be used for the down payment:

Copy of the executed sales agreement
Copy of the Closing Disclosure

If you own Real Estate other than your primary residence:

Street address
Current market value
Lender’s name and account number
Property taxes and insurance costs
Proof of any rental income (current leases and/or all pages of last 2 years tax returns)

Residence information:

Street address of every residence you have lived in during the past 2 years

If you are currently renting:

Your current landlord’s name(s), address and phone number

Miscellaneous information:

Name and telephone number of closing attorney and/or title company (if you don’t yet have one, you may check out our affiliated business, Virginia Statewide Title Services)
Homeowner’s insurance agent and telephone number
Explanation(s) of any late credit payments
Explanation(s) of any gaps in employment

For a purchase transaction:

Copy of your signed and executed purchase agreement and all addenda
Copy of your cancelled deposit check
Your Realtor’s name and telephone number

For a refinance transaction:

Copy of your monthly statement for the current mortgage
Copy of survey, title policy, and homeowner’s insurance
Copy of your monthly statement for any Equity Loans or Lines of Credit, if applicable
Copy of your mortgage note (for FHA and VA Loans only)

For a construction transaction:

Copy of signed contract between builder and borrower
Copy of signed plans and specs for home
Copy of the deed to the land, whether owned or purchasing
Copy of builder's license
Contract for purchase if not owned
Complete builder information: name, address, phone numbers, federal tax ID number
Certificate of liability for the builder
Builder’s risk/homeowner’s policy
Statement from Builder listing a complete cost breakdown