Completing Your Loan Application Checklist

Posted by Laine Smith on 11/13/14 10:00 AM

Topics: Home Buying

Completing your loan application is one of the first steps in achieving home financing. Depending on the lender, you will either fill out an application in person with your loan officer, online or over the phone.


Your lender will also ask for information to verify your employment, funds, and the home you are wishing to finance. Use this loan application checklist to prepare the necessary documents for the process: 

Identity Verification

  • Government-issued photo identification and social security card
  • Two-year residency history

Income & Tax Documents

  • Last two years W-2’s
  • Last two years federal tax returns
  • Last 30 days paystubs
  • Last two months bank statements for all financial accounts (including investments)
  • Loan payment information (car, boat, RV, etc.)
  • Divorce decree (if applicable)
  • Evidence of alimony or child support (if applicable)

Income Verification (Self-Employed)

  • Business tax returns
  • Certified profit and loss statements

Home Purchase Documents

  • Purchase agreement (signed by all parties)
  • Contract for sale (if applicable)
  • Earnest money deposit receipt
  • Attorney/realtor contact information
  • Application fee

Not all items listed above are applicable to all loan applications. Your lender may ask for further documentation for certain loans and borrowers. Getting these items to your loan officer in a timely manner will help keep the loan process on schedule.

Interested in learning more about the home buying and financing process? Our Mortgage 101 Handbook is a great resource for first-time and repeat homebuyers.

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