Mortgage Preparation Checklist
Category : Home Loan
If you are thinking about doing a mortgage, it always helps to know what documents the mortgage loan
originator will require from you. So here is a quick list to get you started on your new mortgage loan.
Find Income Tax Return copies for last two years
Find W2 forms for last three calendar years
Find business (C-Corporations, S-Corporations, Limited Liability Companies, Partnerships) Income Tax
copies (if Self-Employed) for last two years
Find K-1 forms for last three calendar years (if Self-Employed)
Collect pay documents (one month’s worth of paycheck stubs, a Social Security, Pension, Annuity Award
Letters, adoption stipend stubs and/or county printout of child support payments received)
Collect asset documents (two months most current bank statements for all checking, savings, and money
market accounts, last two statements received for all IRAs, 401Ks, Stock accounts, and Annuities,
HUDs from recent property sales) Note that state, county and federal retirement accounts for current
employees do not count as assets.
Collect situational documents (Divorce Decree, Bankruptcy discharge letter and list of creditors,
leases for Rental Properties, Tax Appraisal notices for Rental Properties, Homeowner’s Insurance
Declarations Pages for Rental Properties, proof of payment for Judgments, Tax Liens or collections)
Obtain statement of Whole Life Cash Value (if applicable)
Find Survey (if Refinancing and in a state that uses surveys)
Find Homeowner’s Insurance Declarations Page
Write down the names, addresses and telephone numbers of all landlords for the past two years
Write down the name, address and telephone number of the Human Resources department for all jobs.