The Ultimate Mortgage Document Checklist
Many first-time home buyers fall into the trap of thinking they might not be financially ready to buy a home. They think they need more time to work at their job, to improve their credit, to pay down debt, or to save up a sizable down payment. With appreciating home values, there is no better time to buy a home than now. If you have been dreaming of achieving your goal of home ownership, you may already have everything you need to qualify for a loan. Now is the time to partner with an experienced Bryte Home Loan Team loan officer/advisor who will help you understand the loan options available to you and what you’ll need to qualify for a home mortgage loan.
Ready to get started? Here is a mortgage document checklist illustrating some documents that we may ask to see to get started on the loan process for you. Ask your Bryte Home Loan advisor for their secure document URL or for the APM Mobile app - both allow you to securely send documents from your phone, laptop, or PC.
These are the most commonly requested documents needed for a pre-approval for a home loan. Your Bryte home loan advisor will tell you if any additional documents are needed for the specific loan program you have selected.
Property documents:
Mortgage, real estate tax, and insurance premium statements for all properties currently owned
Leases on all rental properties you may own, if applicable
Complete bankruptcy papers, if applicable
Divorce decree and settlement statements, if applicable
Proof of identity
State-issued driver’s license or passport showing your date of birth to satisfy Patriot Act requirements
If not a U.S. citizen: a resident alien card (front and back); resident alien application or H1B or L1 Visa plus passport as applicable.
Financial and income documents:
Most recent (past 30 days) pay stubs
W-2 forms for the last two years
Two most recent statements for all checking, saving, money market, CD, and/ or securities-brokerage accounts
Federal tax returns (1040 forms) for the last two years
Year-To-Date Profit & Loss Statement for self-employed earners or independent contractors
All federal K-1s, partnership returns (1065 forms) and corporate or S-corp. returns (1120 or 1120S forms) for the last two calendar years
Most recent statement of stock options, employee stock option purchase plans, and similar if you’re using them as part of the down payment or for closing costs
Please visit our Disclosures page for more details for all loan types.