Standard Mortgage Documents Needed for Pre-approval
Getting pre-approved for a Florida mortgage is a critical step in refinancing or buying a home. It not only gives you an idea of how much house and or mortgage loan you can afford but also shows sellers that you are a serious buyer. And, if you’re refinancing you can figure out upfront if the saving and or cashout is worth the cost. To get preapproved, you’ll need to provide your mortgage loan originator with several documents that verify who you are including cash, credit, debts, and credit report. This page provides a detailed checklist of the documents you will need to gather for your mortgage preapproval.
Checklist of Documents Needed for Preapproval
Two Forms Of Identification
- Valid government-issued photo ID (e.g., driver’s license or passport)
- Social Security card
Proof of Income
- Recent pay stubs (last 30 days)
- Most recent 2 years W-2.
- Awards letters or any other additional income (bonuses, alimony, etc.)
Self-Employed Borrowers Documents
- Last 2 years of personal and business tax returns
- Year to Date Profit & Loss Statement for all businesses
Employment Contact Information
- Contact information for your current employer and previous employers for the past 2 years
Proof of Assets
- Most recent 2 Months’ Bank statements (all pages)
- Most recent Investment account statements (stocks, bonds, etc.)
- Retirement account statements (401(k), IRA, etc.)
Debt Information
- List of all current debts (credit card, loans, etc.)
- Monthly debt payments
Other Documents
- Retirement Income Documentation (if applicable)
- Divorce decree (if applicable)
Alt Doc Mortgage Documents Needed for Pre-approval
Self-Employed Borrowers Documents
- 12 or 24-month bank statements.
- last 2 years 1099 and statement showing year-to-date income.
