What you need to get ready before applying for a mortgage loan – Alpha Mortgage

Loan Application Checklist

In general, the documentation you will need includes:

Property Information (if you already have a contract on a house)

Purchase Agreement.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 30 days.

For the past two years:

	Names and addresses of each employer.
	W-2s

Statements for each bank, mutual fund, and/or investment account for the last three months.

If you have made any large deposits to your accounts:

Explanation and source for deposit.

If you own more than 25% of a business:

Corporate or partnership tax returns for 2 years.

If self-employed:

Tax returns for the last two years (with schedules).

If you own rental property:

Tax returns for the last two years.

If you are retired:

Pension Award Letter.

If you receive Social Security:

Social Security Award Letter.

If you are counting child support as income or if you are divorced:

Copy of divorce decree.

Debts

Explanation of credit report anomalies, including:

Bankruptcy filed within last seven years (copy of your bankruptcy papers).

Miscellaneous

Legible copy of your drivers license.

Residence addresses for the past two years.

If you are not a citizen, a copy of the front and back of your green card.

A Kansas licensed mortgage company, #MC.0002218-BR.001. Also licensed in Missouri. NMLS# 3981.

Alpha Mortgage, LLC 536 SE 291 Highway Lee's Summit, MO 64063

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