Applying For A Mortgage Loan, Here Are The Basics Requirements

Applying For A Mortgage Loan, Here Are The Basics Requirements


Future home buyers ever wonder what you need to complete a loan application and what to bring? Listed below are the items necessary along with your loan application.

The following is a list of documents needed to process your loan request:

•         Federal Tax Returns: 2014 & 2015 for each borrower (all schedules & amendments)

•         W2 forms: 2014 & 2015 for each borrower

•         If self-employed: 2014 & 2015 personal & corporate 1040 tax returns (all pages & schedules required)

•         Pay stubs: One month of your most recent for each borrower

•         Assets: last 2 months of bank statements for checking/savings, IRA, 401K, stock/bond accounts (include all pages of each statement)

•         Driver’s License: copy of the most recent & valid driver’s licenses for each borrower

•         Social Security Card: copy for each borrower

•        Rental History: 12 months canceled checks (if applicable)

If Real Estate is already Owned or Refinancing:

•         Insurance: Homeowner's & Flood (if applicable) insurance (declarations page)

•         Mortgage Statement: Most recent mortgage statement for all liens (must include account number & customer service telephone number)

•         Deed: Copy of property deed (Florida properties require a copy of the existing survey)

If purchasing, the following is needed after you have an executed contract:

•        Insurance: Homeowner's & Flood (if applicable) insurance (declarations page)

•        Purchase Contract: copy of the contract signed by both parties

•        Proof of Deposit: copy of check, money order, or signed note verifying cash delivery