Mortgage Pre-Approval Checklist

Getting pre-approved for a mortgage isn’t required, but it is a good idea, especially in a seller’s market, where competition among buyers is intense. 

You’ll need to verify your income, employment, assets and debts. 

Here’s a list of documents you may need to provide to a lender for the pre-approval process:

Employee 

• W2 
• 2 Most Recent Payroll Stubs 
• 2 Years of Most Recent Federal and State Tax Returns 

Independent Contractor 

• Year-to-date Profit and Loss Statement 
• 2 Years of Form 1099s 
• Any Real Estate Income 

Assets 

• 60 Days of the Entire Bank Statements for Every Bank Account 
• 2 Months of IRA Statements 
• 2 Months of Investment Accounts (Stocks and Bonds) 
• 2 Months of CD Accounts 

Debts (Monthly Debt Payments) 

• Student Loans 
• Mortgage Note 
• Credit Cards 

Other Records 

• 12 Months of Rental History Payments 
• Landlord Contact Information for Past 2 Years 
• Any Divorce Decree 
• Any Court Orders (Child Support, Alimony Payments) 
• Bankruptcy 
• Foreclosures 
• Down Payment Gift Letters