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Your Home Loan Document Checklist

Before you get to the fun part of buying a new home (homeshopping!), we have to review your finances to determine what loan options you qualify for and which is the best choice for you. To help you gather everything together, here is a handy checklist of the documents you'll need to bring in, fax, or email to me as we begin to process your application. We may not need all of these items, and it's possible we'll ask you for additional documents as we move forward.

Income and Identity Verification

  • Pay stubs for the last 30 days

  • W-2 forms for the last two years

  • Current driver's license, state ID, or passport

  • Child support/alimony friend of the court printout or 12 months of cancelled checks*

  • Awards letter for Social Security

  • 1099 for disability income

  • Income from rent, commission, interest, or sources other than salary may trigger the need to provide tax returns

Sources of Funds/Down Payment

  • Bank statements for the last three months, including savings, checking, and investment accounts

  • Stock and securities account statements for the last three months

  • Closing Disclosure if using funds from the sale of property

  • Sale of assets: Proof of ownership and proof of funds transfer

  • For gift funds: A gift letter, evidence of transfer, and sometimes evidence of withdrawal

If You Are Self-Employed

  • Signed, completed tax returns for the past two years, including personal, partnership, and corporate if applicable; please include all schedules

  • Business profit and loss statement year-to-date for current year, if more than three months have passed since the end of the tax year

If you have questions about this or any other part of the home financing process, contact me for answers. Let's get you into a new home!

*Alimony, child support, or separate maintenance income need not be included if it's not to be considered as income available to repay the loan. Child support or alimony income may be used if you received it for the last 12 months.

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