Homework list to speed up the mortgage loan application and sample pre-approval letter.

Employment information for the previous two years.  Please provide starting and ending dates, position, salary, and the address and phone number of personnel departments where employment can be verified.  If applicant is a Veteran or Active Military, please know the exact address for employment verification.

W-2 forms for the past 2 years and pay stubs for the most recent 30 days.

Signed tax returns for the most recent 2 years and year-to-date profit and loss statement.  Corporate or partnership returns are needed only if ownership is 25% or greater.

2-year history of residence for all borrowers.  Name address, and phone number of the landlord or mortgagee.  If you don’t want your landlord contacted, provide 12 months cancelled checks for proof of timely rent payments.

For each piece of real estate owned, provide property address, mortgage holder, account number, estimated value, loan balance, monthly payment, breakdown for principal, interest, homeowners insurance, and taxes, and gross monthly rent.  If you are in the process of selling your present home, provide a copy of the listing or sales contract.

Names, addresses, account numbers, and balances for all checking, savings, and investment accounts and the most recent two months bank statements for each. Be sure to copy every numbered page of the statement.

List of monthly obligations to include bank and student loans, credit cards, alimony, child support, etc.

If you are obligated to pay alimony or child support and wish to use alimony or child support for qualifying, you need to provide complete copies of your divorce decree and / or community property settlement.

Credit card for credit report and / or appraisal.

Driver’s licenses or photo ID and social security card.

VA LOANS ONLY

Original certificate of eligibility and a copy of your DD214.  If you are current / active military, please provide your off-base housing authorization.