Documents We May Need For Application

The first step toward securing a mortgage loan is to collect the information needed to complete a loan application. Providing complete and accurate information will permit us to process the loan with greater speed and accuracy. This checklist itemizes information and documentation that is commonly used to process mortgage loans. We may ask for further documentation if such is required by government agencies or investors.
PERSONAL
  • Home address(es) for past 2 years
  • Name, address and phone number of all landlords from the past 2 years
EMPLOYMENT
  • Name, address and phone number of all employers for the past 2 years
  • Employment contract if applicable
  • Relocation and/or buyout package if applicable
  • Academic transcripts/diploma if recent student
INCOME:


SALARIED/HOURLY
  • Most recent pay stub(s) covering a 30-day period and showing year-to-date income
  • All W-2 and/or 1099 forms for the past 2 years
IF SELF-EMPLOYED
  • Current profit & loss statement
  • 2 years tax returns (all schedules)
CORPORATE BUSINESS OWNER
  • 2 years signed business returns
  • Evidence of quarterly tax payments (FRA only)
PARTNERSHIP
  • 2 years signed partnership returns
  • 2 years complete personal returns
  • Current Profit and Loss statement
RENTAL INCOME
  • Current lease agreement
  • 2 years tax returns (all schedules)
INTEREST, DIVIDEND, BONUS OR COMMISSION
  • 2 years tax returns (all schedules)
NOTES RECEIVABLE
  • Copy of actual note
  • 2 years tax returns (all schedules)
SOCIAL SECURITY DISABILITY OR PENSION
  • Award letter
  • All W-2 and/or 1099 forms for the past 2 years
  • Evidence of recent receipt (check stub or bank statement)
  • Proof of automatic deposit agreement if applicable
CHILD SUPPORT, ALIMONY OR MAINTENANCE
  • Divorce Decree
  • Marital Settlement Agreement
  • 1 year cancelled checks or proof of receipt
  • Printout of court registry, if applicable
ASSETS
  • Most recent statement(s) for the past 3 months for each institution where funds are on deposit including IRA's &401's.
  • Estimated value of personal property, automobiles and real estate owned
  • Copy of cancelled earnest money check
  • Gift money affidavit if applicable
  • Copy of cancelled gift money check (preferably a cashiers check) if applicable
  • Evidence of deposit of gift funds (deposit slip)
  • Evidence of donor's ability to give gift (Conventional financing only)
LIABILITIES
  • Name and account number for ALL creditors including but not limited to installment loans, car loans, credit cards, student loans, etc.
  • Name, address and account number for all mortgages including current residence and rental properties
  • Monthly child care expenses
  • Child support, alimony or maintenance information
VA FINANCING
  • Copy of DD214
  • Original Certificate
REFINANCE
  • Original closing documents
MISCELLANEOUS
  • Copy of signed listing agreement or sales contract if present residence is to be sold
  • Copy of signed purchase contract and any addendum(s)
  • Complete bankruptcy papers for last 7 years
  • Closing documents for property sold or refinanced during the past 2 years





 

 

 

 

Licensed by California Department of Real Estate
License #00462716

Maritime Mortgage, Tim Shuey, serving Dana Point, San Clemente, San Juan Capistrano, Laguna Niguel, Laguna Beach, Newport Beach, Newport Coast, Corona Del Mar, Costa Mesa, Mission Viejo, Lake Forest, Aliso Viejo, Laguna Woods, Saddleback Valley, and all of Orange County plus Los Angeles and San Diego counties, with clients across the nation and across the world. Full service mortgage brokerage. Buying, refinancing, single family homes, condominiums, investment property, rental property, income property, condominiums, condos, townhomes, residential stock cooperatives, construction, home owner associations and commercial property loans.