Mortgage Checklist

It is important to have your mortgage in place prior to looking for a home.  In order for sellers to be motivated to accept your offer and take their home off the market, they will want to know that you have a pre-approval in place.  If you would like help in getting pre-approved, please let us know.  We know many reputable loan officers in our area who would be happy to assist you.  This checklist should help get you started.  It includes most of the information that you will need to supply.  However, some lenders may have additional or different requirements.

  • Social Security Number(s)
  • Date(s) of Birth
  • Paycheck - Most recent pay stubs that show year-to-date earnings
  • W-2 Tax Forms
  • Employer Information - names, addresses, and telephone numbers of employers for the past two years.
  • Bank Account information (account numbers and current balances of checking, savings, and any other accounts.  Last three month's statements)
  • Current Assets - Individual Retirement Accounts, CD's, stocks, bonds, rental properties, etc.
  • Personal Property - life insurance, cars, furniture, etc.
  • Liabilities - mortgages, auto loans, student loans, credit cards and other installment debt.  Provide name and address of each creditor and the monthly payment and total amount due.
  • Current and previous addresses.
  • If you are renting, provide the property address, name and address of landlord, currently monthly rent and previous address/landlords if you've lived in current address for less than two years.

There maya be special situations that require you to supply additional information.  These include:

  • If you are self-employed or work on a commissioned basis, you should bring your federal tax forms for the past two years and a current year-to-date profit and loss statement.
  • If you are divorced, you should bring a copy of your divorce decree and any documentation relating to alimony, child support, etc.  
  • If you include pension, disability or Social Security, you'll need to bring documentation from the issuing agency.
  • If you have a bankruptcy, foreclosure, or any judgments against you over the past seven years, you'll need to bring relevant information about the proceedings.  Such information includes a copy of the bankruptcy discharge and schedule of both debts and assets.  An attorney's letter that discusses the outcome of the proceedings should be included if there are judgments against you.

Call the Kathye Warafield Team to get started!