MortgagePre-Planning Checklist

For All Mortgages

The following list will assist you in assembling important information that you'll need to start your mortgage loan process. To help speed the process, you'll need:

• Original Purchase Contract, signed by all buyers and sellers (for a purchase transaction).
• Original pay stub(s) covering the last 30 days, for all applicants (e.g., if you're paid twice per month, you would need to have two pay stubs. Continue to save your pay stubs until after closing).
• Original W-2 forms for the last two years, for all applicants.
• Original bank statements for the past two months, for all checking and savings accounts.
• Names and addresses of landlords for the last 24 months, if you're currently renting or have rented in the past 24 months.
• Original 401(k) and IRA statements (if applicable).
• Original investment account statements for the past two months (e.g., mutual fund accounts - if applicable).
• Telephone number where employment can be verified.

Additional items you may need...

If you're applying for a Federal Housing Administration (FHA) Loan

• Photocopy of Social Security card.

If you’re applying for a Veterans Administration (VA) loan

• VA Certificate of Eligibility.
• Form DD-214 or, for in-service veterans, Statement of Service.
• Most recent Leave and Earnings Statements (in-service veterans only).
• Name, address and cost of child care provider (if applicable).

If you're self-employed or have commission or bonus income

• Copies of your signed personal and business income tax returns from the last two years.
• Year-to-date Profit and Loss Statement and Balance Sheet (if self employed).

If you've been divorced

• Complete signed copy of all divorce decrees, including property settlements, stipulations or modifications.
• Proof of receipt of child support payments for the last 24 months (only if you intend to use to qualify for your mortgage loan).

If you've declared bankruptcy in the last seven years

• Copy of the Petition/Decree, Schedule of Creditors and copy of Discharge.
• Please write a letter of explanation on why you filed for bankruptcy.

Miscellaneous (if applicable)

• If you've graduated from high school or college during the past two years, please enclose a copy of your diploma.
• If during the past two years you have a gap in your employment of 30 days or more, please enclose a letter explaining the reason for the gap in employment.
• If you're selling your present home, you'll need to provide us with a copy of your signed HUD-1 Settlement Statement showing the amount of proceeds (if the sale of your home is not yet complete, please provide us with your Realtor's "Estimate of Proceeds").
• If you have rental property, we'll need a copy of your current lease and copies of your signed federal income tax returns from the last two years.
• If you're receiving a "gift" for part of your down payment, do not deposit the gift funds until you visit with your Mortgage Loan Originator.
• If your employer is relocating you, please provide a copy of your company's relocation policy.

If you have any questions regarding these items, or if your situation is not addressed above, please contact our Real Estate Division at 800-262-9611.