Home > Real Estate, Top Tips > Starting the Mortgage Conversation: The Paperwork

Starting the Mortgage Conversation: The Paperwork

November 26, 2010 Leave a comment Go to comments

Lender Checklist:

Paperwork You’ll Need for a Mortgage

  1.  W-2 forms — or business tax return forms if you’re self-employed — for the last two or three years for every person signing the loan.
  2. Copies of at least one pay stub for each person signing the loan.
  3. Account numbers of all your credit cards and the amounts for any outstanding balances.
  4. Copies of two to four months of bank or credit union statements for both checking and savings accounts.
  5. Lender, loan number, and amount owed on other installment loans, such as student loans and car loans. 
  6. Addresses where you’ve lived for the last five to seven years, with names of landlords if appropriate.
  7. Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
  8. Copies of your most recent 401(k) or other retirement account statement.
  9. Documentation to verify additional income, such as child support or a pension.
  10. Copies of personal tax forms for the last two to three years.  

Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®.

Copyright 2008. All rights reserved.

Andrew C. WilsonAndrew’s Take:

Some lenders will require additional documentation to what is listed here, but if you pull together the items above early in your search and keep them organized in a binder or folder, you will be well on your way to a successful approval!  Don’t forget that in the wake of the mortgage crisis, it is more important than ever to be able to document to a lender that you are worthy of a loan. 

 Further, in the Queens and Nassau real estate markets, co-op apartments are common and board applications will require this documentation as well.  All the more reason to stay organized.

Work with a buyer’s agent who is also a licensed architect.

Andrew Wilson: NY Architect and REALTOR®

Looking for Queens or Long Island Real Estate? Contact Andrew Today:


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