When applying for a home loan, you and your co-borrower (if any) will need to fill out some forms and provide some documents. These forms and documents play a role in helping your Loan Originator verify your eligibility and qualification. You can often speed up the process by preparing these documents in advance. Here is a list of what you will need. Keep in mind that you may be asked for more documents later on.
Valid photo identification
Pay stubs - copies of most recent (for 30 day period)
W-2's - copies of most recent (for 2 year period) 2017-2018
Tax Returns - Entire Federal Tax Returns for previous 2 years and all schedules (including K-1), if you filed:
→ Any extension filed - then W-2s and returns are required, all pages
→ Self-employed - current year to date Profit and Loss and Balance Sheet - (signed)
→ Ownership in a corporation or partnership - need K-1 and complete S Corp returns
Bank statements - copies of 2 most recent monthly statements for checking, savings, CD's, IRA, 401-K & investment accounts (all pages)
Copy of Purchase Sales Contract w/Escrow Deposit - when signed
Divorce Decree, Quit Claim Deed and Settlement Agreement
Full Bankruptcy Papers and Discharge Notice
Documentation for any short sale, foreclosure or loan modification in the last 7 years
DD 214 and Certificate of Eligibility (VA)
Name and phone number for Employment Verification
A copy of the signed real estate contract, if you've already made an offer on a home.
Resident alien card, front and back if applicable.
Copy of Warranty Deed
Copy of Owners Title Insurance Policy
Copy of Homeowner's and Flood Insurance Policy
Copy of Property Survey
Copy of Mortgage Payment Coupon (also 2nd mortgage coupon if this applies)
Association or Condo payment coupon