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Mortgage Loan Application Checklist

April 16, 2021

Once you find a home you love and the seller accepts your offer, it’s time to apply for your mortgage loan. (Unless you were pre-approved.) You’ll start by selecting a lender and completing an application. Depending on the lender, you may be able to apply in person, by phone or online. All lenders require you to provide information about yourself and anyone else, such as a spouse or partner, who will be listed as a co-borrower on the mortgage. To make applying easier, you'll want to gather the following details about your:

Home

  • Purchase agreement for your new home
  • Home address for the last two years
  • Home telephone number

Employment

  • Name, address and telephone number for your current employer(s)
  • Name, address and telephone number for all employers in the last two years
  • Most recent two years W2s and pay stubs documenting the most recent 30 days
  • Social Security and/or other benefit award letters

Identifying Information

  • Government-issued photo identification
  • Name, address, telephone number and social security number
  • Second piece of identification

Taxes

If you are self employed or a commissioned employee, state and federal tax returns for the last two years and your year-to-date profit/loss statement

Assets

  • Account numbers and current balances for checking, savings and other deposit accounts
  • Last three bank statements for those accounts
  • Addresses, account numbers, current unpaid balances and monthly payment amounts for all debts
  • Details about all of the real estate you own and any other existing mortgages

While additional information may be needed, this is certainly enough to get you off to a good start.

The views, information, or opinions expressed in this article are solely those of the author and do not necessarily represent the views of Citizens State Bank and its affiliates, and Citizens State Bank is not responsible for and does not verify the accuracy of any information contained in this article or items hyperlinked within. This is for informational purposes and is no way intended to provide legal advice.