Mortgage Pre-Approval Document Checklist Template printable pdf download

Pre-Approval

Document Checklist

EMPLOYMENT/INCOME

Provide most recent, consecutive pay stubs for 1 month

Provide all W-2's for the past two years

Provide all pages and schedules of last two years personal Federal tax returns

If self-employed, provide all pages and schedules of last two years business tax returns and

corporate K-1's

If self-employed, provide current Balance Sheet and P&L

If retired, provide beneﬁt award letter, last two years 1099's, and all pages and schedules of last two

years tax returns

If any rental income is received, provide copy of current lease agreement and mortgage statement

If VA and active duty personnel, copy of Statement of Service Letter and Off Base Housing Authority

Letter

ASSETS

Provide ALL pages of most recent 2 months statements for all accounts; including all checking, savings,

stocks, IRA, & 401k

*The statements must show your name, account number and the name of the banking institution.

If funds to close will come from a gift, complete the gift letter and the following:

a) from the donor – bank statements showing the funds in the donor's account and a copy of the check

from the donor's account

b) from the borrower – a copy of the deposit slip showing the gift check deposited into your account

If funds to close will come from sale of home, copy of HUD-1 from sale of home and deposit slip showing

proceeds deposited into bank account

CREDIT

Copy of enlarged driver's license and social security card

Copy of ﬁnal, ﬁled divorce decree

Copy of bankruptcy papers, including all schedules and discharge, and credit explanation letter for

reason for bankruptcy

Letter of explanation on any late payments, collections, charge offs or derogatory credit

Letter of explanation for all recent credit inquiries

If VA, Certiﬁcate of Eligibility or copy of DD214

PROPERTY

Homeowners Insurance Agent's name, address, and phone number for the subject property

If reﬁnance, copy of note and mortgage statement from the current lender showing the account number

If you’re retaining your current residence, provide a mortgage statement showing taxes and insurance

are included in the monthly payment

If you’re currently renting, provide your Landlord’s name, phone number and address. 12 months

canceled rent checks will be necessary for private landlords.

If you live with a family member, letter stating you live rent-free

Mortgage Pre-Approval Document Checklist Template