Preparing Financing Paperwork


The paperwork required to obtain mortgage financing is an extensive accounting of your personal and professional life. The mortgage application can seem arduous and over-complicated, but a little organization can go a long way. The rule of thumb when providing information for this part of the process is the more information you can provide, the better. Here we have provided you with a checklist to get you started:

Paperwork Checklist

  • Written authorization for the lender to run a credit report
  • Written explanations for anything derogatory in the credit report
  • Discharge papers from bankruptcy (if in the last seven years)
  • For renters, 12 months of canceled rent checks from the landlord, or a form confirming on-time rent payments
  • If renting to others, applicable lease agreements and bank statements
  • If selling while buying, confirmation of the listing agreement
  • 30 days of pay stubs
  • Two years of W2 forms
  • Two years of personal federal tax returns
  • A completed and signed Form 4506-T or 4506T-EZ, provided by your mortgage banker
  • For the self-employed, two years of business tax returns
  • For the self-employed, year-to-date profit and loss statement
  • Documentation of child support and alimony payments, and divorce decree
  • Two months of bank statements from checking, saving, retirement and investment accounts
  • Information on stocks, bonds, life insurance, if applicable
  • Proof of pension income, if applicable
  • Social Security and disability payments, dividend earnings, bonuses, if applicable
  • Information on debts such as car loans, student loans, and credit cards
  • A copy of earnest money deposit
  • If you are receiving gift funds, a statement from the giver confirming the gift is a gift and not a loan

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