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Mortgage Document Checklist & Instructions
A properly documented loan application helps makes your loan process go smoothly. This checklist will help you gather your paperwork.
| Complete and sign the residential loan application, Form 1003, and the attached loan info sheet, credit authorization and fair lending notice. Page 4 of the application is a continuation page in case you need additional space for your assets or liabilities. If you make a mistake while filling out the application cross it out, and make a change. Do NOT use whiteout.
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| If you are salaried, provide W-2's for the previous two years and one month of pay stubs. If you are self-employed, provide tax returns for the previous two years, including all schedules, and a YTD profit and loss statement. (Note: provide copies of all requested documents. Do not provide original documents.)
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| If you own rental property, provide recent rental agreements and tax returns for the previous two years, including all schedules.
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| To speed up the approval process, provide bank statements for the most recent months, and recent statements for stock, mutual funds and IRA/401K accounts. (Note: Please include all pages – even if they are blank.)
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| If you are requesting a cash out refinance, provide a letter explaining how you will use the refinance proceeds.
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| If applicable, provide a copy of your divorce decree and settlement agreement.
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| If you are NOT a US citizen, provide a copy of your green card (front & back). If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa.
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| If any borrower has filed bankruptcy, provide the Discharge Notice, Filing and Schedule of Creditors.
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If you have any questions about which documents you will need for your loan, please contact TruWest at (AZ) 480.441.5900 or (TX) 512.996.4000.
All loans subject to credit approval.
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