Decision Tools
Documentation Checklist
This documentation checklist presents a summary of what you should expect to provide for a completed mortgage application. Many of these items are dependent on how you plan to document your income and assets. Our Documentation Overview contains more information about this.
Property Information
When Required
Signed Purchase Contract
All purchase transactions
Copy of Deposit check
All purchase transactions
Homeowner's insurance policy or HOA insurance coverage
All transactions
Other Property Information:
- Homeowner's insurance
- Property Tax verification
- Rental Agreements
If you own multiple properties
Income and Asset Information
When Required
Last 2 most recent paystubs
Full Documentation program
6-24 months of personal bank statements
Bank Statement Documentation
Corporate or partnership tax returns
Owners of more than 25% of a business
Full Documentation program
Full Documentation program
Last 2 years tax returns
Self-employed borrowers
Full Documentation program
Full Documentation program
Year-to-Date Profit & Loss Statement
Self-employed borrowers
Full Documentation program
Full Documentation program
CPA Letter verifying self-employment
Self-employed borrowers
Stated Income Documentation
Stated Income Documentation
Documentation of any other income (child support, alimony, Social Security, etc)
Full Documentation
Last 2 months statements of liquid asset accounts (checking, saving, stock/brokerage, IRA, 401k, etc)
Documentation programs requiring asset verification
Verification of Employment
Depends on documentation program
Debt and Credit Information
When Required
Explanations for any charge-offs, collections, or other credit issues
All transactions if applicable
Bankruptcy documents
All transactions if applicable
Divorce decree
All transactions if applicable
Verification of Rent
Borrowers currently renting
Personal Identification
When Required
Copy of each Borrower's drivers license
All transactions
Copy of each Borrower's social security card
All transactions
