1. Copy of photo ID.
This can be a driver's license, passport, or other government-issued ID.
2. Proof of income.
This can be pay stubs, W-2 forms, or tax returns.
3. Proof of assets.
This can be bank statements, investment account statements, or other documentation that shows the applicant's assets.
4. Copy of homeowners insurance policy.
The applicant should provide a copy of their current homeowner's insurance policy to the lender.
5. Home appraisal or broker’s quote.
If the home is being purchased, the lender will need an appraisal or broker’s quote to determine the property's value.
6. Mortgage application form and fee.
The mortgage application form and fee should be submitted with the mortgage application.
7. Signed credit application.
The applicant should sign the credit application provided by the lender.
8. Letter of explanation for any derogatory credit items.
If the applicant has any derogatory credit items on their credit report, they should provide a letter of explanation to the lender.
9. List of all addresses where you have lived in the past two years.
The applicant should provide a list of all addresses where they have lived in the past two years to the lender.
10. Social Security number(s).
The applicant should provide their Social Security number(s) to the lender.