Processing a mortgage application requires lots of details. Having the following documentation available at the time of application minimizes the hassle for everyone and speeds the process. While not all items apply to all borrower's situations, most will apply to most borrowers.

• Complete home addresses for the past two years
• Complete name and address (& account numbers) for all current mortgages or landlords
• Name, account numbers and monthly payments for all revolving accounts, charge cards and credit lines
• Complete name and address for employers for all borrowers for the past 2 years
• Most recent paycheck stubs (enough to cover a full month) for each income counted
• W2s for the last two years
• Copies of bank statements for all account covering the last three months
• Other income data: Social Security Award Letter, Pension Letter, Disability Income Documentation, etc.
• Copies of federal tax returns for the last two years
• Complete divorce decree and property settlement
• Complete bankruptcy papers (all schedules)
• Copies of current 12 month lease for each rental property

Self-Employed or Commissioned borrowers need slightly more documentation:

• Copies of last two years' Federal Tax returns (form 1040 plus all schedules), signed and dated
• Year-to-Date profit and loss statement with balance sheet signed by an accountant and the owner
• Copies of last two years' Federal Corporate Tax returns, signed and dated, for any business where borrower is at least 25% owner
• Copies of last two years' Federal Partnership Tax returns, signed and dated, for any business where borrower is at least 25% owner or the General Partner
• Copies of last two years' K-1s