Mortgage Calculator
Prequalification Calculator
Mortgage lenders require their borrowers to provide a lot of information in order to make accurate lending decisions. For some, gathering all the required information can be intimidating...but it doesn't need to be. The following checklist will help you prepare for your mortgage loan application/interview. This will enable the lender to process your application efficiently.
Social Security Numbers
FHA/VA loans require photo I.D. in addition
Residence
Residence addresses for the past two years
Existing Mortgage
Mortgage company name, address and mortgage account number
Employment
Names and addresses of employers, for the past two years
Income
One month of original paystubs and last two years original W-2 (FHA/VA may need to be updated)
If self-employed or commissioned, business and personal tax returns for the past two years (with all schedules) and a year-to-date Profit and Loss and Balance Sheet Statements
Checking, Savings and Investment Accounts
Names, addresses, account numbers and approximate account balances
Last three months bank/savings account statements
Installment and Revolving Debt
Names, addresses, account numbers, monthly minimum payment, balance (including zero balance accounts)
Legal Documents (if applicable)
Leases on rental property owned
Settlement statements (previously owned property, sale of business, etc.)
Copy of divorce decree (signed by Judge) or bankruptcy with release
Documentation of child support/alimony if received and using to qualify
Transcripts of recent graduate
Purchase Agreement
Signed by both the Seller and Buyer (fully executed contract, including addendums)
Buyer Agency Agreement
VA Loan Eligibility
Certificate of eligibility if applying for VA loan
DD 214 (copy) |
