What will you need for a mortgage application? This post will help.

February 10, 2015


Mortgage checklist slideshare presentationfrom First Weber Group 
View full size by using the expand arrows at bottom right.

Homebuying can be a very exciting time. In order to help the process go smoothly, it is important to be prepared and one way you can do that is by gathering financial information your lender will need for your mortgage application. Once you have the paperwork in place you won’t have to panic or rush. That is one sure way to make the homebuying process more enjoyable.

Here’s a partial list.
Application Fee: This fee will cover the cost of appraisal, credit report and processing fee.
Employment: Social Security numbers, names, addresses of employers for the past two years,
one month’s worth of pay stubs, last two year’s tax returns and W-2 forms.
Self-Employment: Two years individual tax returns, two years corporate or partnership returns (if
applicable), year-to-date profit & loss balance sheet.
Secondary Income: Retirement, disability, social security and income award letter.
Rental Income: Two years individual tax returns.
Bank Accounts: Most recent three months of statements (showing names, addresses and
account numbers) for all checking, savings, CD’s, money markets, stocks and bonds, mutual
funds and any other pertinent asset accounts.
Outstanding Credit: Names, addresses and account numbers.
Mortgages: Lender address, account numbers, payment and loan balances.
Landlord: (If renting) Name, address and telephone number.
Contracts: Accepted Offer to Purchase, counter offers, amendments, earnest money receipts,
name of listing agent and number, name of selling agent and number.
FHA: Driver’s licenses, Social Security cards, legal description and preschool child care expenses.
Veterans: Certificate of Eligibility or DD214, preschool child care expenses.
Divorce Decree: Decree and all amendments if making child support and/or alimony payments,
and proof there is no arrearage. If receiving payments, provide statement from County Clerk of
Courts showing regular receipt of payments for 24 month period. There will be a small fee
charged for these services.

First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin, Southwest Wisconsin, Central Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com

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