What documents do I need to provide for mortgage application?

You need to submit copies of the following documents:

W-2 forms
Pay stubs
Bank statements
K-1 business tax returns
Gift letter
Sources of funds
Cancelled rent checks
Social Security and Disability payments

Remember, the mortgage lenders will check every facet of your financial life. They will ask you for: income, debts, assets papers. So you should get ready with these papers.

For special cases, other documents may include:

1. Home sale contract, including the purchase price.
2. A lease agreement, if you’re renting out your former home.
3. Proof of rental property income.
4. Proof of a child’s age if child support is counted as income.
5. Bankruptcy discharge papers.
6. A copy of a divorce decree might be requested in some cases.