What Your Mortgage Professional Needs

Be sure to provide all pages of statements – even if the last page is blank.  If you can’t find some documents, don’t worry.  Your lender can help you track down copies.

• Your last 30 days pay stubs. You’ll need to show 30 consecutive days worth to your lender.
• Last 2 years W-2′s. Your employer gives you this at the beginning of every year for your tax returns.
• Last 2 years bank statements. This includes all your accounts to show what cash you have on hand.
• Recent investment & retirement account statements. Any assets you have are beneficial to get your loan approved, even if you won’t be using them to put toward your home purchase.
• List of recent addresses. Be prepared to provide where you’ve lived and how long you lived there.

Any new funds in your bank accounts can be a problem.  Ask your lender before making unusual deposits.

The following items may be needed, so ask your Mortgage Professional before you come in so you’ll be prepared:

• Your landlord contact info. Most loans don’t require this but its good to have available.
• Last 2 years tax returns. This is usually only if you’re self employed or paid on commission.
• Copy of your college transcripts or degree. This is if you’ve recently graduate.
• Copy of your divorce decree. If applicable.
• Proof of New Employment. This is you’ve just gotten a new job, for example, a contract.
• Documentation of any other assets or sources of income.

Don’t try to hide anything from your lender, everything gets discovered and it’ll just make problems for your loan.

What will a Mortgage Pro Need From Me?, 4.0 out of 5 based on 3 ratings

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