Application Checklist

Below is a list of documents that are required when you apply for a mortgage. However, every situation is unique and you may be required to provide additional documentation. So, if you are asked for more information, be cooperative and provide the information requested as soon as possible. It will help speed up the application process.

Your Property

  • Copy of signed sales contract including all riders
  • Verification of the deposit you placed on the home
  • Name, address and telephone numbers of all realtors, builders, insurance agents and Title Company involved

Your Income

  • Copies of your pay-stubs for the most recent 30-day period showing a year-to-date
  • Copies of your W-2 forms for the past two years
  • Names and addresses of all employers for the last two years
  • Letter explaining any gaps in employment in the past 2 years
  • Work visa or green card (copy front & back)
  • Copy of your CA Drivers License and Social Security Card

If self-employed or receive commission or bonus, interest/dividends, or rental income:

  • Provide full Federal tax returns for the last two years PLUS year-to-date Profit and Loss statement (please provide complete Federal tax return including attached schedules and statements. If you have filed an extension, please supply a copy of the extension.)
  • K-1's for all partnerships and S-Corporations for the last two years (please double-check your return. Most K-1's are not attached to the 1040.)
  • Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda for the last two years. (Required only if your ownership position is 25% or greater.)

If you will use Alimony or Child Support to qualify:

  • Provide full divorce decree/court order stating amount, as well as, proof of receipt of funds for last year

If you receive Social Security income, Disability or VA benefits:

  • Provide Social Security or VA award letter from agency or organization

Source of Funds and Down Payment

  • Sale of your existing home - provide a copy of the signed sales contract on your current residence and statement or listing agreement if unsold (at closing, you must also provide a settlement/Closing Statement)
  • Savings, checking or money market funds - provide copies of bank statements, all pages even if blank with nothing blacked out for the last 3 months
  • Stocks and bonds - provide copies of your last 2 statements from your broker
  • Gifts - If part of your cash to close, provide Gift Letter and proof of receipt of funds (very important that this is done correctly)
  • Based on information appearing on your application and/or your credit report, you may be required to submit additional documentation

Debt or Obligations

  • Only if not shown on the credit report, prepare a list of all names, addresses, account numbers, balances, and monthly payments for all current debts with copies of the monthly statement
  • Include all names, addresses, account numbers, balances, and monthly payments for mortgage holders not on your credit report or landlords name address and phone number for the last two years
  • If you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation

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