Home Loan Application Checklist

home loan application checklistTo apply for a home loan, you will have to provide the lender with detailed documentation of your financial history. The lender will request a credit report from a credit agency and will verify the information provided in your loan application. Below is a home loan application checklist.  Be prepared to provide:

  • Social Security numbers for both you and any co-borrowers
  • Copies of checking and savings accounts statements for the past two months
  • Evidence of any other assets such as bonds, stocks, or money saved in retirement programs (i.e. 401k or 403b program)
  • Recent paycheck stubs
  • W-2 withholding forms, or income tax returns for the past two years to verify your income and proof of employment
  • The name and address of someone who can verify your employment
  • Residence history for the past two years
  • Sales contract for the purchase of a new home
  • Homeowner’s association information with contact information if property is a condo or part of a homeowner’s association.
  • Current Mortgage Statement (if refinancing).
  • Copy of Home Owners Insurance Policy or Binder
  • Copy of Property Tax Bill
  • Personal Identification, such as passport, driver’s license, etc.