Home Pre-Approval: Documentation You Will Need

The mortgage application is broken down into 9 sections:

• Borrower Personal Information

• Personal Assets and Liability

• Personal Real Estate Holdings

• Information About the Loan and the Property It’s For

• Personal Declarations About Credit History and the Property

• Acknowledgments and Agreements

• Military Service

• Demographic Information

• Loan Originator Information

You will need a number of documents to show your lender in order to obtain pre-approval. I highly recommend starting a folder on your computer/google drive with all of these documents so there are ready to go and all in one place!

Income Verification Documents

• 2 Years of W-2 Forms

• If self employed, 1099s in place of W-2s

• Tax Returns From Last 2-3 Years

• If self-employed, A Year to Date Profit and Loss statement is typically required 

• Pay Stubs

• From the previous 2 months

• Verify income over the short term

Savings, Investments, and Debt Verification Documents

• Bank Statements

• Few months of bank statements

• Looking for money for a down payment and closing costs

• Making sure you’ve had your account for at least 60 days

• Investments 

• Few months of investment statements

• 401ks

• IRAs

• SEP accounts

• Stock investments

• Etc.

Credit Report

• Lenders will run a tri-merge credit check

Additional Documents and Information

• Rent payments 

• Proof of consistent payments for a year 

• Contact information of previous landlords

• Divorce and Child Care

• Documentation of the divorce

• Verify child care or spousal support

• Immigrants and Noncitizens

• Verification of immigration and citizenship status 

• Green cards, visas, employer documentation, and proof of citizenship in foreign countries

• Utilities and Bills

• Proof of ability to make consistent payments

• Utility bills, internet or phone bills, or some type of insurance