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Mortgage Loan Approval Process

A Smooth Experience and Simplified Process

Understand the information and documents you'll need for the Loan Approval Process with your Mortgage Loan Originator.


Residence History

  • Your street address, or addresses, for the past two years
  • If you rent: your rental manager or landlord’s name, address and phone number
  • If you own: your mortgage lender’s name and your account number

Employment History

  • Name, address and phone number of any employer you’ve worked for in the past two years

Income Information

  • Your gross monthly salary or other income
  • Your most recent pay stubs covering a 30 day period reflecting year-to-date totals
  • Your W2 forms for the past two years
  • Signed tax returns for the past two years

If you are self-employed
Signed corporate tax returns for the past two years and current Profit & Loss Statement and Balance Sheet

If you are not currently employed
Proof of other sources of income (Social Security awards letter or Retirement benefit letter and 1099s for the past two years)

Deposit, Retirement and Equities Account Information

  • Name of financial institution, account number and balance on all checking, savings, IRA, retirement, 401(k), stock and mutual fund accounts — including statements for the past two months

Real Estate Information

  • Address, market value, loan information, mortgage statements and insurance declaration pages on all real estate you own
  • Copies of leases for any rental property you own

Other

  • A government-issued photo ID (i.e. driver’s license, state-issued non-driver’s ID, US military ID)
  • Your military discharge papers (Form DD214) and Certificate of Eligibility — if you are applying for a VA Loan