Applying for a mortgage? Being organized with the right paperwork can fast-track your loan approval and make the process smoother. Below is a comprehensive checklist of documents most lenders require when evaluating your mortgage application.

🪪 1. Proof of Identity

    • Government-issued photo ID such as a driver’s license or passport
    • Ensures legal identification for all borrowers


💼 2. Proof of Income
Helps lenders assess your ability to repay the loan. Typically includes:

    • Recent pay stubs (last 1-2 months)
    • W-2 forms from the past 2 years
    • Tax returns/Tax Transcripts (IRS.gov) with all schedules (especially for self-employed applicants)
    • Additional income documentation (e.g., alimony, child support, rental income)


👔 3. Employment Verification

    • Contact info for current and previous employers (at least 2 years)
    • May include written verification or direct communication from the lender


💳 4. Bank Statements

    • Statements from checking, savings, and investment accounts (usually 2–3 months)
    • Used to verify financial stability and available funds for down payment and closing costs


🧠 5. Credit Report Access

    • Lenders will pull your credit history directly
    • Be prepared for inquiries and potential explanations for past credit events


📈 6. Proof of Assets
If you’re using assets for your home purchase:

    • Retirement and brokerage account statements
    • Gift letters for funds received from family
    • Evidence of liquid and non-liquid assets


🧾 7. Outstanding Debt Information
Disclose all existing liabilities, including:

    • Credit cards
    • Auto loans
    • Student loans
    • Personal or business debts


🏡 8. Property Details
If a home is selected:

    • Address and property description
    • Purchase agreement and listing info
    • May be required early in underwriting


🏘️ 9. Residence History

    • Your current and previous addresses over the past few years
    • May help verify stability or establish rental payment history


📑 10. Additional Documentation (If Applicable)
Depending on your financial situation, you may also need:

    • Divorce decrees
    • Bankruptcy discharge papers
    • Letters of explanation for anomalies (e.g. credit issues, large deposits)


✅ Tips for a Smooth Mortgage Approval

    • Always check with your loan officer for lender-specific requirements
    • Organize documents into easily accessible folders or PDFs
    • Respond promptly to any document requests during underwriting

​Having these documents ready not only speeds up the mortgage process but also boosts your chances of success.