Mortgage Checklist
You need to submit this information to
Artisan Mortgage
specialist in order to continue the mortgage loan process.
- Last year's W-2 form.
- Signed and dated Federal Tax Returns (1040's) from the
last year, including all schedules.
- Most recent pay stubs for each borrower.
- A copy of your most recent mortgage statement (if
available).
- A copy of the Purchase Contract (if applicable).
If you are self-employed:
- Last year's signed and dated tax return, including all
schedules, a year-to-date Profit and Loss (P&L) Statement that is less
than 60 days old, and a current signed Balance Sheet.
- If you're part of a corporation or partnership, provide
last year's tax return for corporation/partnership including form K-1, a
year-to-date Profit and Loss (P&L) Statement (less than sixty days old),
and a current signed Balance Sheet.
Depending on your individual situation, you may also
have to supply some additional information. Read over this list below and
see if any of it applies to you.
- If your down payment includes a cash gift from a
friend or relative, you need a copy of the check or wire transfer showing
the donor's name and account number, plus a copy of the deposit into your
bank account. (This applies only to home purchase loans.)
- If you receive a Social Security pension or annuity,
provide a copy of the awards letter and a copy of a recent benefit check.
- If you own other real estate, provide a
lease/rental agreement if applicable, and copies of property tax and
insurance bills.
- If you receive alimony or child support, provide
a copy of the divorce decree and evidence of receipt of income for 12
months (i.e. canceled checks, deposit slips or bank statements).
- If you pay alimony or child support, provide a
copy of your divorce decree.
- If you've had a bankruptcy within the last seven
years, provide a copy of your bankruptcy discharge, a copy of the
petition (including schedules A & B) and an explanation of the
circumstances.
- If you currently pay rent, provide copies of
rental payments for the last twelve months (may include canceled checks,
bank statements, money orders, etc.) and the name and address of your
landlord for the same time period.
By providing the above information when applicable, you will help speed up the mortgage loan process.
