Lynn Fairfield

Broker

Lender Checklist: What You Need for a Mortgage



  • LENDER CHECKLIST: WHAT YOU NEED FOR A MORTGAGE                 
  •    W-2 forms or business tax return forms if you're self-employed for the last two or three years for every

   person signing the loan.

 

  •                      Copies of at least one pay stub for each person signing the loan.

 

  •                      Account numbers of all your credit cards and the amounts for any outstanding balances.

 

  •                      Copies of two to four months of bank or credit union statements for both checking and savings

   accounts.

 

  •                      Lender, loan number, and amount owed on other installment loans, such as student loans and

  car loans.

  •                      Addresses where you've lived for the last five to seven years, with names of landlords if

  appropriate.

 

  •                      Copies of brokerage account statements for two to four months, as well as a list of any other major assets of

   value, such as a boat, RV, or stocks or bonds not held in a brokerage account.

 

  •                      Copies of your most recent 401(k) or other retirement account statement.

 

  •                      Documentation to verify additional income, such as child support or a pension.

 

  •                      Copies of personal tax forms for the last two to three years.

  

Source: Realtor.org/Realtor Magazine