Mortgage Documents Checklist

This list will help you gather information and documents for your mortgage application, to help get the mortgage process off to a fast and efficient start. Please note: we need this information for each applicant.

If you have any questions or need assistance, please talk to one of our mortgage loan officers.

Income documentation:

• Copies of your W-2 forms for the past 2 years
• Pay stub(s) for the last 30 days, showing year-to-date and current period earnings
• Proof of Social Security or Pension Income, if applicable
• Copy of divorce decree, separation agreement, or property settlement agreement, if applicable
• Proof of child support/alimony income, if you want to have it considered as qualifying income

If you’re self-employed:

• Copies of your signed Federal 1040s for the past 2 years (all schedules and all pages)

Asset information:

• Copies of your statements for past 2 months, or your last quarterly statement, for all checking, savings, IRA, 401(k) or other retirement program, stock and mutual fund accounts (all pages)

If you are receiving money from a relative for the down payment:

• Copy of gift letter (mortgage loan officer will provide a form to you)
• Proof of the donor’s ability to give funds
• Documentation of your receiving the funds

If you are selling Real Estate and the proceeds will be used for the down payment:

• Copy of the executed sales agreement
• Copy of the Closing Disclosure

If you own Real Estate other than your primary residence:

• Street address
• Current market value
• Lender’s name and account number
• Property taxes and insurance costs
• Proof of any rental income (current leases and/or all pages of last 2 years tax returns)

Residence information:

• Street address of every residence you have lived in during the past 2 years

If you are currently renting:

• Your current landlord’s name(s), address and phone number

Miscellaneous information:

• Name and telephone number of closing attorney and/or title company (if you don’t yet have one, you may check out our affiliated business, Virginia Statewide Title Services)
• Homeowner’s insurance agent and telephone number
• Explanation(s) of any late credit payments
• Explanation(s) of any gaps in employment

For a purchase transaction:

• Copy of your signed and executed purchase agreement and all addenda
• Copy of your cancelled deposit check
• Your Realtor’s name and telephone number

For a refinance transaction:

• Copy of your monthly statement for the current mortgage
• Copy of survey, title policy, and homeowner’s insurance
• Copy of your monthly statement for any Equity Loans or Lines of Credit, if applicable
• Copy of your mortgage note (for FHA and VA Loans only)

For a construction transaction:

• Copy of signed contract between builder and borrower
• Copy of signed plans and specs for home
• Copy of the deed to the land, whether owned or purchasing
• Copy of builder's license 
• Contract for purchase if not owned
• Complete builder information: name, address, phone numbers, federal tax ID number
• Certificate of liability for the builder
• Builder’s risk/homeowner’s policy
• Statement from Builder listing a complete cost breakdown

Veteran’s Administration or Federal Housing Administration loan applicants

• Military discharge papers (Form DD214), if applicable (for VA loans)
• Copy of your Driver’s License or Passport
• Certificate of Eligibility (for VA loans)