Serving Bellingham & Whatcom County
Coldwell Banker Bain
Tom DeRose :: Wireless: 360-220-9355 :: Email: tderose@coldwellbankerma.com
Documentation You Need to Apply for a Mortgage
Posted on August 15, 2011
Here's a list of what you need to apply for a mortgage. It's similar to the list posted a week ago, but is more detailed.
All borrowers
- Uniform Residential Loan Application (form 1003). This form is completed by the applicant and the lender. It is used to provide information on the type of mortgage, property, borrower, borrower's employment, borrower's income and expenses, borrower's assets and liabilities. Click to obtain this form on the Fannie Mae website.
- Last 1 year of your W-2's, 1099's (2 years if 100% financing USDA)
- Last pay stub, indicating year to date earnings (30 consecutive days)
- Last 2 months complete official bank and investment statements.
- Homeowner's insurance agent name and number
- Current mortgage statement(s)
Self Employed
- Last year's complete business and personal Tax Returns (including all schedules)
- Year-to-date Profit and Loss statement, prepared by CPA and signed by applicant
Retired
- Income verification for all income sources (retirement benefits, Social Security, etc)
Home Purchase Information
- Copy of signed Purchase and Sale agreement
Additional Items that May Be Neded
- If divorced in past 2 years, copy of divorce decree
- Copy of current rental/lease agreements on all rental property owned
- Copy of Social Security card(s)
- Military: Certificate of Eligibility and DD214
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