What you need to apply for a mortgage

If you’re applying for a mortgage, it’s a good idea to start prepping your financial documents.

Lenders will request paperwork for your mortgage application to verify how much money you make, your job history, your assets, and your debts. The exact forms you need for a home loan depend on your situation. For example, someone who is self-employed will likely have to provide different forms than someone who is currently employed by a company.

Depending on your unique financial situation, here are six mortgage documents you might need when Applying for a loan

  1. 30 Days of paystubs
  2. 2 years of w-2’s
  3. 2 months of bank statements
  4. A copy of your retirement plan statement
  5. Identification verification
  6. 2 years of tax returns (if self-employed)
  7. Any additional documents based on your specific situation

Pay stubs, W-2’s or other proof of income

Lenders may ask to see your pay stubs from the past month 30 days. If you’re self-employed or have other sources of income (such as child support), you may need to show your lender proof through tax returns, bank deposits or other means. Your W-2’s will show that your income has been consistent for the past couple of years.

Bank statements and other assets

When assessing your risk profile, lenders may want to look at your bank statements and other assets. This can include your retirement assets.

Lenders typically request these documents to make sure you have several months’ worth of reserve mortgage payments in your account. They also check to make sure you have enough for your down payment, closing cost, and reserves, and that money has been seasoned in your account for at least 2 months.

You can start by collecting thsese documents in advance to facilitate the process, but once the lender needs them, they will requst them from you.


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About Me

About Me

Hi I'm Monica! I'm a Real Estate professional in love with houses, especially vintage houses. I even have my Historic Homes Specialist designation. I enjoy decorating and rehabbing and helping my clients create their dream home with inexpensive updates. I also love helping sellers get top dollar for their property by taking the dated out of their home and staging in a modern simplistic way. I'm also obsessed with Mid Century furniture, so if it doesn't fit in my house, you'll find it in my Etsy Shop. I enjoy coffee and thrift store shopping to look for items to repurpose and use in house. And of course anything vintage, I’m a bit of a June Cleaver. I’m a wife and a mom of teenage twins that I homeschool. I am currently a Realtor in San Antonio, TX, and a lender in both Texas & California. But if you are from Southern California don't worry I have connections, I also help educate all over the country about the home buying process and have a team of people that i work with to help you reach your goals. We moved to SATX from SOCAL in 2018 to simplify our life. I love it here and have helped several people relocate. Read More


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