Mortgage Checklist

Checklist of Docuements Usually Required

 

US Patriot Act Requirement - ID 

• Copy of Driver's License, Social Security Card, Residential Card     

 

Income

• W-2's and/or 1099's for 2020 & 2021

• Personal Tax returns all schedules, K1’s – 2020, 2021  

• Pay Stubs - Two most recent for each applicant (one month's worth)        

 

Retirment Income (If Applicable)

• Social Security Income: award letter, 1099’s – 2021 / 2020 / 2019, 3 months bank statement showing direct deposit

• Pension / Retirement income: letter for 3 years continuous, paystub showing amount received, 3 months bank statements to show income is direct deposit          

 

Self Employed – (If Applicable)

• Business Tax returns all schedules, K1’s – 2020 / 2021

• Business Bank Statement 3 months

• Personal Bank Statements 3 months

• P&L 2022 year to date (does not need to be audit)                                      

 

Assets

• Bank statements: Two most recent months, all pages (checking, savings, stocks) even if blank Any (1k over) large deposit must be sourced except for income

• Reserves: IRA’s, 401K, Money Market, etc. statements, quarterly or two months (to show reserves)                                                         

Real Estate Property (If You Own)

• Mortgage Statement:  Current statement’s for all Leins & Properties

• If Rental: Lease agreements on all rental property.

• Homeowner Association Dues (HOA) monthly or quarterly Bill for ALL Properties, if applicable

• Homeowner's Insurance Policy: a copy of the Declaration page

 

Veteran

• VA Certificate of Eligibility (COE)

• DD14

• Copy of current NOTE if refinancing

 

Purchase – Pre- Approval Once You Have A Contract

• Copy of the Purchase contract

• Down Payment (EMD): Copy of cancelled check, front and back, and show it came out of your bank account.

• Homeowners Insurance: Set Up a policy and provide your agent with our email and phone number mel@annapolisfirst.com  and/or 240-744-1717