Mortgage Checklist

MVSB understands that purchasing a home can be overwhelming - but you don't have to do it alone, or remember everything! Our expert lending staff is here to help.

The list below was designed as a tool to help you prepare for your first meeting with a lender in regards to applying for a mortgage. Review the list and gather the following items to bring with you. If you have any questions about items on the list and how they apply to your situation, please feel free to call us.

Subject Property Information

When you are buying or building a home, you will need:

  • A complete copy of your purchase and sales agreement if you are buying a home or land. Be sure that the agreement and all addendums are signed by everyone involved with the sale
  • A copy of the listing sheet from your realtor, along with a current legal description of the property
  • For new construction loans: plans and specs from your builder and/or architect, along with a signed contract

For all home loans:

  • A copy of the most recent form of legal ownership – such as the Warranty Deed or Trust. It should include a description of the property as well as the book and page of recording.
  • A copy of the most recent tax bill for the property.
  • Your insurance premium estimate for the new property.

Employment History and Income

  • Your most recent year-to-date pay stub or a salary voucher documenting a full month of your income, as well as a copy of your Form W2 covering the most recent tax year.
  • If you are self-employed, or have commission income, rental income or dividend or interest income, be sure to bring your most recent federal tax form.
  • If you receive alimony or child support, and wish to consider it when calculating your income, bring:
    • A copy of the agreement showing three years of continual child support
    • Proof of receipt for the most recent three months of alimony or child support
  • Any of the following, if they apply to you
    • Award letter for social security or disability income
    • Pension statement
    • IRS Form 1099
    • Proof of rental income on any properties that you own

Assets

  • For all depository or brokerage accounts, a statement with names, addresses, account numbers and balances.
  • A copy of the current tax and homeowner's insurance bills for any real estate you already own

Fees

  • An application fee of $350. This fee will be applied toward your closing costs. Be sure to ask about closing cost discounts offered to MVSB customers.

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