Your Mortgage Checklist

Whether you are interested in buying a home or getting a lower interest rate on your current mortgage, the following items will most likely be required by the lender to determine eligibility or to process the loan.

With underwriting guidelines being more conservative than ever, it is essential to provide all documentation upon the initial loan submission - if you wish to acquire a new mortgage as easily and efficiently as possible.

(Provide clear, legible copies of the following for each borrower).

Here is the Checklist that would cover most applicants:

1. driver’s license
2. 2nd I.D. - such as social security card, passport, car registration
3. most recent paystubs covering 30 days
4. all 2009 & 2010 W2s
5. 2009 & 2010 Federal tax returns (all pages, all schedules, state returns not needed)
6. 2 year history of part-time, bonus, or overtime income (if applicalble)
7. a recent statement (all pages) of your 401K, IRA, - or other retirement account(s).
8. 2 months’ most recent monthly checking account statements, & liquid Stocks, Funds, etc. (all pages, not internet summary)
9. If self-employed, name and tel. number of your accountant

(Additional  items required  for refinance transactions) -

1. recent homeowner’s insurance bill
2. recent property tax statement or bill
3. recent HOA/Common Charge bill  (if applicable)
4. copy of your most recent monthly statement or payment coupon for your current 1^st mortgage
5. copy of most recent payment coupon for your 2nd mortgage / homequity line (if applicable). If your homequity line has a zero balance, provide a copy of the original note.
6. copy of a recent statement for any other account that is intended to be payed off through this transaction (if applicable)