Mortgage Documents

You have determined the amount your loan could be and what type of loan you want to use, but what paperwork do you need to have ready for your

loan officer to get you approved?

This list of documents may be handy when you’re taking this final step.

Personal Information

Photo ID
Proof of Social Security number (copy of SS card or W2 statement)
Residence addresses for the past two years
Copy of green card, if not a U.S. citizen

Employment

Pay stubs (past 30 days)
Names & addresses of each employer (last two years)
W-2s (last two years)
Tax returns: 2-year returns are required for the self-employed

Banking

Three months of statements for: bank accounts, mutual funds and investment accounts
Large deposits: explanation and source of deposit. If deposit was a gift you need: signed gift letter, copy of gift check and copy of deposit receipt.

Property Information (if in contract)

Purchase agreement
MLS sheet and legal description
If you already sold your current home: need copy of settlement agreement
If you are currently selling your home: need copy of listing contract
Value of personal property and furniture

Business owner (own 25% or more of business)

Corporate | Partnership tax returns

Self-employed

Last two years of tax returns (with all pages and schedules)
Profit and Loss statements (for current year) prepared by an accountant
K1’s for last years for all S-Corps

Retired

Pension award letter
Social Security award letter

Rental Property

Current rental agreements and tax returns (last two years)
Child support as income
Need copy of divorce settlement
Need copies of cancelled child support checks (12 months)

Divorced

Copy of divorce decree
VA Loans
Report of Separation and copy DD form 214

Debt information

Info needed on all current loans: names, addresses, account numbers, monthly payments and balances (typically found by pulling credit report).
Credit report irregularities: credit inquiries (last 90 days), late payments, collections, judgments, liens and charge-offs
Bankruptcies (if filed within last 7 years): copy of bankruptcy papers

We want the loan process to go smoothly for you. Once we receive your paperwork, your First Ohio Home Finance, Inc. Mortgage Banker will discuss the next steps with you. This will include obtaining any verification documents that may be required to process your loan application and if any additional documentation is needed during the underwriting process.