Document Check List

Documents most lenders will require in order to process your mortgage application.


Verification of income

  • Earnings statements: W-2 forms, recent pay stubs and tax returns for the past two years
  • If you are self-employed: profit and loss statements and tax returns for current year and previous two years
  • Additional income: social security, overtime bonus, commission, interest income, veteran’s benefits and so on

Verification of your assets

  • List of bank account numbers, the address of your bank branch, checking and savings account statements for the previous 2-3 months
  • List of savings bonds, stocks or investments and their approximate market values
  • Copies of titles to any motor vehicles that are paid in full

Information about the purchase

  • Copy of the ratified purchase contract
  • If you made a deposit to the seller to show that you are serious about buying the house, bring a copy of canceled deposit check on house

Your debts

  • Credit card bills for the past few billing periods
  • Other consumer debt such as car loans, furniture loans, student loans and other personal and cosigned installment loans with creditor addresses and phone numbers
  • Evidence of mortgage and/or rental payments
  • Copies of alimony or child support

Information for a refinance

  • Copy of home property insurance declaration page with the name, address and phone number of your agent
  • Copy of the promissory note of your current mortgage (these are generally not of public record)
  • Copy of drivers license and other acceptable forms of identification

Reverse Mortgage
HUD rules and laws may change the documentation requirements for Reverse Mortgages. Contact the Star Team for details and analysis of your Qualifications and documentation required.

  • Proof of Age; you and your spouse must be 62 or older
  • Proof of owner occupancy, with good equity in your home (refinance)
  • Proof  source of funds available for down  payment  are yours (purchase)
  • Credit Check to make certain there are no federal liens against you. For now, no fico scores or ratio of monthly debts to monthly income are considered when applying
  • Owner occupied properties only

If you have no established credit history, supply the lender with canceled checks for rent, utilities and other recurring obligations to show payment history and amount of revolving debt

Lenders may also ask you about the origin of your downpayment. If money for downpayment is a gift from a relative, bring to the interview a copy of gift letter and copy of gift check. The gift letter states that the money will not have to be repaid.

Having these items on hand when you apply will help speed up the application process.

Keep in mind that different lenders may have slightly different information requirements.