It is easy to feel overwhelmed by all of the documentation and preparation required to apply for a mortgage.  We can help!  Read on for a list of everything your lender will need.

Below is a typical list of the documents mortgage lenders need from people applying for a mortgage loan.  You may need additional documents depending upon the type of loan you're applying for, so be sure to check with the lender.:

• Application Fee (cost of appraisal and credit report)
• Legible sales contract signed by Buyers and Sellers.
• Social Security number of all applicants.
• Complete address for the past 2 years (including complete name and address of landlords for past 24 months).
• Name, address, and all income earned from all employers for past 24 months.
• Copies of previous two years W-2 forms.
• Copy of most recent year-to-date pay stub.
• Name, address, account number, monthly payment and current balance for: installment loans, revolving charge accounts, student loans, mortgage loans, and auto loans.
• Name, address, account number, and balance of all deposit accounts, including: checking accounts, savings accounts, stocks, bonds, etc.
• Three months most recent statements for deposit accounts, stocks, bonds, etc.
• If you choose to include income from Child Support/Alimony bring copies of court records of cancelled checks showing receipt of payment.

If you are applying for a V.A. Loan:

• DD-214, Certificate of Eligibility, or statement from your Commanding Officer if you are on active duty.

If you are self-employed or paid by commission:

• Previous two years Federal Income Tax Returns with all schedules and a year-to-date profit and loss statement.

If you own other properties:

• Address of properties and current market value.
• Any debt owed on properties; Lender's name, address, account number, monthly payment, and current balance.
• Copy of previous two years Federal Income Tax Returns with all schedules.
• If rented, provide a copy of the lease.

If you have filed bankruptcy in the last seven years:

• Copy of petition and discharge, handwritten explanation of reason for bankruptcy, evidence of excellent credit since the bankruptcy.

Working with mortgage lenders to secure a mortgage loan can be much easier if you’re prepared. Be sure to check your credit report before pre-qualifying for a mortgage loan, and gather the appropriate documents before selecting a mortgage lender and applying for a mortgage loan.