The following checklist will facilitate your mortgage loan interview. The checklist includes most of the information that you and any co-borrower will need to supply.
In preparation for your loan interview, review the information below. We suggest you print this worksheet, then check each box after you've gathered the required data.
Social Security Number/Date of Birth
Most recent 2 pay stubs that show year-to-date earnings.
W-2's and/or 1099 Tax Forms for the last two years
Employer Information -
Names, addresses, and telephone numbers of employers for the past two years
Bank Account Information -
Current balances of checking, savings, and any other accounts.
Other Current Assets -
Individual Retirement Accounts (IRAs), CDs, stocks, bonds, etc.
Personal Property -
Value of property that can include life insurance, retirement accounts, cars, etc.
Liabilities -
Auto loans, student loans, credit cards, and other installment debt -- provide name of each creditor and the monthly payment and total amount due.
Current and Previous Addresses -
If you own a home: Bring the property address, current market value, most recent monthly mortgage statement, most recent tax bill and insurance declarations page.
If you're renting: Bring the property address, current monthly rent for the last two years.
Tax Returns -
A complete copy with all pages and schedules or your most recent two years of personal tax returns. If you are self employed we will also need your most recent two years of business tax returns as well and a year to date Profit and Loss statement.
There may be some special situations that require you to supply additional information. These include:
If you are separated or divorced, you should bring a copy of your divorce decree and separation agreement. Also bring documentation on alimony or child support payments you are required to make or you receive as income. Proof of this income can be the clerk of court's history of payments or canceled checks for the past year.
If you receive pension, disability, Social Security, or other public assistance as part of your income, you'll need to bring a copy of your most recent benefits statement.
If you have a bankruptcy, foreclosure, or any judgments against you over the past seven years, you'll need to bring relevant information about the proceedings. Such information includes a copy of the bankruptcy discharge and schedule of both debts and assets. An attorney's letter that discusses the outcome of the proceedings should be included if there are judgments against you.
