Curious about what type of information you’ll need to provide about yourself if you’re applying for a mortgage? Here’s what we’ll need from you (and a co-borrower if you have one) to get started on your loan application:
—Social Security Number or an individual taxpayer identification number
—Home addresses for at least the past two years
—Divorce settlement papers, if applicable
—Account numbers and balances for checking, savings, money market, retirement and credit card accounts
—The most recent three months of checking and savings account statements
—Your most recent pay stubs, W-2s or other proof of employment and income. We also need evidence of any other income you receive, such as child support orders or Social Security award letters
—The most recent two years of federal income tax returns. Balance sheets and tax returns, if you’re self-employed
—Gift letter. if you’re using gifts from your parents, other relatives or an organization helping you cover the down payment or closing costs, you must present a letter from the provider of the funds that states that the money is a gift and will not have to be repaid.
—Canceled checks for rent or utility bill payments. Information on all other consumer debts such as credit cards, car loans, student loans, department store credit cards, furniture loans, etc.
For more information on gathering the documentation you need for a mortgage, check out this helpful video.