Gather Your Docs

When you submit a mortgage application, documents are required to receive a fully underwritten loan approval. We have broken down three sets of documents you need depending on your unique situation, such as if you are self-employed, or own property.

The first set is what we call the basics, and is mainly for the W2 wage earner. The second set is the basics with self-employment documentation like tax returns, 1099’s, K-1, or business returns. The third set we call the basics plus property owned for applicants who already own property.

The document lists are provided as a courtesy, but is not intended to be exhaustive. It is common for lending institutions to require explanations of your prior address history, any recent credit inquiries that may indicate undisclosed debt, and/or prior employment history. However, do not be discouraged. These requests for explanations or clarification is normal. Should you have any concerns, reach out to your loan officer for further clarification.

Standard Documentation

The basics.

  • Paystubs

  • Valid Photo ID

  • Social Security Card

  • W2’s for two years

  • Bank Statements, two months

Self-Employed Documentation

The basics above, plus self-employment documentation.

  • K-1’s/1099’s for two years

  • Business Bank Statements, 3 months

  • Personal and/or Business Returns for two years

Owned Property Documentation

The basics and self-employment, as applicable, plus owned-property documentation.

  • Mortgage Statement(s)

  • Property Tax Bill

  • Lease Agreement(s)

  • Schedule E for Rental Income

  • Homeowners Insurance Policy

  • Homeowners Association Dues

Remember, this list is not exhaustive and provided as a guide to get you started. You may be required to provide additional documentation depending on your loan. This is normal, so be prepared to provide information related to your credit, employment, and assets throughout the process.