Mortgage Checklist for Buyers

Employment

  • Addresses for two full years
  • Gross monthly income
  • W-2s, if available
  • Proof of pensions, retirement, disability or Social Security Proof of income from rentals, investments, etc. Proof of
    child support or alimony paid/received Year to date pay stub

If self-employed:

  • Two years 1040 Tax Returns
  • Current year profit and loss statement

Creditors

  • Each creditor's name, address and type of account Account numbers Monthly payments and approximate balances Amount of child care expenses

Banking

  • Names and addresses of saving institutions Account numbers for all accounts Type of accounts and present balances

Miscellaneous

  • List of assets in stocks, bonds, land
  • Life insurance cash value (documented if for down payment) If applicant is selling a home, a copy of sales contracts
  • Social Security numbers for all parties
  • Veterans - Certificate of Eligibility and DD-214 Cash or check to pay for application fee

Your Realtor should provide

  • Copy of sales contract
  • Copy of MLS listing sheet on property
  • Instructions on how appraiser is to gain entrance