Mortgage Checklist

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buying and selling homes in the Twin Cities of Minneapolis and St. Paul, Minnesota

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Mortgage Checklist

Be prepared to supply the following information when you apply for a mortgage. Your lender will also run your credit history and may ask for additional items depending on your situation.

Application information

  • Home address(es) for the previous two years
  • Your social security number(s)
  • Employment information for the previous two years including employer name, address and phone number
  • Income information including salary, overtime, bonuses, commissions, dividends, interest, retirement and any other source of ongoing income
  • Liquid assets including bank name, account type, balance, and source of down payment
  • Other assets including the value of bonds, stocks, life insurance, retirement funds, jewelry, automobiles, etc.
  • Liabilities including creditor names and outstanding balances for all debts including notes payable, 401(k) loans, life insurance loans, stock pledges, alimony, child support, co-sign loans, credit union loans, and other liabilities
  • Real estate owned including property address, market value, outstanding liens, rental income, mortgage payments, taxes, insurance and maintenance dues

 

 

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