Mortgage Checklist
We've put together this checklist that will facilitate the mortgage loan process, when you are ready to apply. Please be prepared to provide the following:
Application Information (for all applicants)
- Your home address(es) for the previous two years
(A) If you own your home we need property address, current market value, mortgage lender name, account number, current monthly mortgage payment, and outstanding mortgage balance.
(B) If you are renting we need the property address, name and address of landlord, current monthly rent, and previous address/landlord if you've lived in your current address for less than two years. - Your social security number(s)/Date of Birth
- Employment information for the previous two years including employer name, address, and phone number
- Income information including salary, overtime, bonuses, commissions, dividends, interest, retirement and any source of ongoing income. Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.
- Account Information including bank name, account type, balance, and source of down payment
- Current assets/Personal Property including the value of IRAs, CDs, bonds, stocks, life insurance, retirement funds, vehicles, jewelry, etc.
- Liabilities including creditor names and outstanding balances for all debts including notes payable, 401(k) loans, life insurance loans, stock pledges, alimony, child support, co-sign loans, credit union loans, and other liabilities
- Real estate owned including property address, market value, outstanding liens, and rental income, mortgage payments, taxes, insurance and maintenance dues
Property Information
(A) If you own your home we need property address, current market value, mortgage lender name, account number, current monthly mortgage payment, and outstanding mortgage balance.
(B) If you are renting we need the property address, name and address of landlord, current monthly rent, and previous address/landlord if you've lived in your current address for less than two years.
- Agreement to purchase
- A signed copy and any amendments, a copy of the listing form from the property, the legal description of the property, and receipts for or down payment deposits.
New Construction:
Original cost of land/lot
Amount of liens
Estimated cost of construction
Refinance loans:
Year property was acquired
Original cost of the home
Cost of improvements
Amount of liens
Description of improvements
New Construction:
Original cost of land/lot
Amount of liens
Estimated cost of construction
Refinance loans:
Year property was acquired
Original cost of the home
Cost of improvements
Amount of liens
Description of improvements