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The Mortgage Minute- What loan documentation do you need?

The Mortgage Minute | Loan Documenation | Laura Borja Your San Diego Home Loan Expert

The Mortgage Minute- What loan documentation do you need?

Welcome to this week’s The Mortgage Minute, a weekly informational series presented by Laura Borja, Your San Diego home on expert. Today’s topic is The Mortgage Minute | Loan Documenation | Laura Borja Your San Diego Home Loan Expertmortgage loan documentation.

Though the exact documentation that will be needed in your situation will depend on, well, your situation, there is a core group of documents that are part of pretty much every loan application.

And that is what we are going to be taking a look at today.

You will need to provide:Loan Documentation Checklist

  • pay stubs covering the most recent 30 days available.
  • W2’s for the two most recent tax years as well as your federal tax returns for the two most recent tax years. If you file separate business returns you will need to provide the two most recent tax years of those returns.
  • Bank statements for the two most recent months available or the most recent quarter depending on how that account reports.
  • Photo ID
  • Letters of explanation depending on the situation in your file.
  • Bankruptcy papers If you filed bankruptcy
  • If you receive or pay alimony or child support you will be asked to provide that paperwork as well.

Click Here to Download a More Detailed Checklist

So there you have it, an overview of the loan documentation needed to start your loan application.

Keep in mind that this is just an overview, not a complete list of all the documents needed for your loan.  Your lender will provide you with a specific list of the loan documentation needed for your specific situation.

If you have any questions or if you’re ready to start the pre-approval process by all means send me an email, give me a call or shoot me a text.  I’ll be happy to help.

Thanks for checking out this week’s The Mortgage Minute.  Until next time!



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