EMM Document Checklist

When applying for a mortgage, your Mortgage Loan Originator may ask you to provide all or some of the information below. Having this information handy will help speed along the mortgage process.

Identity and Income Verification

Full legal name, birthdate, and Social Security number (in certain cases, you may be asked to provide a copy of your social security card)
Phone number, email address, and current and former residential mailing addresses over the last two years
Primary and secondary income amounts and sources
Government-issued photo ID
Name, addresses, and phone numbers of all employers over the last two years
Values of bank, retirement, investment, and other asset accounts
Monthly debt obligations
Address of property being purchased, year built, estimated down-payment amount, and purchase price
Estimates of annual property taxes, homeowners insurance, and any homeowner association dues

Credit Verification

Credit explanation letter for late payments, collections, judgments, or other derogatory items in credit history
Source of funds documentation for any large deposits on asset or bank statements
Judicial decree or court order for each obligation due to legal action
Bankruptcy/discharge papers for any bankruptcies in credit history
Payment history for public utilities, phone, cable TV, car insurance, and other expenses

Income/Tax Documents

IRS Form 4506-T - Request for tax transcript, completed, signed and dated
Pay stubs covering the last 30 days
W-2s for the past two years
Federal tax returns (1040s) for the past two years
Asset/bank statements - Most recent two months' statements for all accounts listed on the application (include all pages of the statement, including ones that are blank)
Written explanation if employed less than two years or employment gap exists within the last two years

Income Verification - self-employed

Federal tax returns (personal and business) for the past three years
Profit and loss statement - year-to-date
List of all business debts

Miscellaneous

Homeowners insurance information, including agent's name and phone number
Purchase contract signed by all parties