Pre-Approval-Checklist

Mortgage Pre-Approval Checklist

Whether you have completed the pre-qualification process with Traditional Mortgage, LLC or not, you can apply for pre- approval at any time. The first step is to complete a full mortgage loan application, including the following information.

Your licensed mortgage Loan Officer can tell you about any additional requirements. Below is a partial list:

IDENTIFICATION
  • Photo ID- 2 Forms of Identification (Driver’s License and one additional)
RESIDENTIAL HISTORY
  • Your residential address for the past two years
  • Landlord names and addresses for the last two years, if you rented during that time
EMPLOYMENT AND INCOME HISTORY
  • Paycheck stubs from the last 30 days showing your year-to- date earnings
  • W-2 or I-9 tax forms (issued by your employer) for the past two years
  • Last two years’ personal tax returns and schedules
PERSONAL ASSETS
  • Bank Account Statements from the two most recent months for all checking and savings accounts (all pages)
  • Other asset statements from the past two months for any CDs, IRAs, bonds or other securities (all pages)
  • Current real estate holdings, including property address, current market value, mortgage lender’s name and address, loan account number, balance and monthly payment
PERSONAL DEBT
  • A list of any new monthly debts not listed on your credit report (auto loans, mortgage loans, credit cards, student loans, etc.), including creditor name, address, account number, minimum monthly payment amount and outstanding balance on each account

Additional documents may be required prior to your mortgage closing. Your licensed mortgage Loan Officer will let you know if any documents will be needed when you close on your new home. They will work closely with you at each step of the mortgage process.