While the mortgage application process may seem daunting from the outside, we do everything in our power to simplify the process for our clients. We’ve created this blog series to give our readers a firm understanding of everything they’ll need to secure their mortgage and get a foothold toward homeownership. In part one, we outlined the information you will likely need to provide. In this final iteration, we will outline the documentation needed to source that information and confirm its validity.

Documentation Needed for Mortgage Application Submission

Financial Documentation

  • Most up to date statements for savings, checking, investment, and retirement accounts over the past two months.
  • Verbal or written permission for your lender to generate a credit report.

Employment Information

  • Most recent paystub.
  • W2 forms from all employers within the past two years.

Documentation for Self Employed Individuals

  • Profit and loss statements for the year-to-date
  • Federal tax returns for the previous two years

Gift Fund Documentation

Are you receiving any gift funds to contribute toward the down payment of your home? If so, you will need to produce a gift letter from each donor plainly stating the contribution is in fact a gift rather than borrowed funds. Your lender may also request the chance to verify the donor’s ability to fulfill their contribution by seeing the funds added to your personal account.

Simplify the Mortgage Application Process with Golden Lenders

Golden Lenders helps home buyers in Colorado, Florida and California understand the different types of purchasing options that are available and provides loans to help people achieve the dream of homeownership. Since the specifics of which purchasing method to choose is dependent on a variety of factors, we encourage you to call us for more information and find out which is right for you. Our number is (303) 482-2361, or you can send us a message.