What do I need to take with me when I apply for a mortgage?

Asked by Trulia Boston, Boston, MA Tue Oct 30, 2012

Help the community by answering this question:

+ web reference
Web reference:


Heath Coker, Agent, Falmouth, MA
Fri Nov 2, 2012
Nothing to start with, unless you are making a formal application.
Keep in mind that an approval for a mortgage usually has a time frame.
If you don't find a property within that time frame you may need to at least update.

After you meet with a lender and you know your buying ability, then choose a local real estate professional to help you find a great property, and then formally apply for a loan.
You can use the time you are looking at properties to also prepare all the correct and current forms that the lender will need for your formal application.

(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)
1 vote
Michael Pall…, Agent, Boston, MA
Tue Oct 30, 2012
First step? Have someone recommend a mortgage lender with whom to apply. As many lenders now accept your loan application online your next step would be to complete the application.

In so doing you'll be given the info as to what documents and/or information about yourself you'll need at that time.

Various lenders may ask for different documentation or information so identifying the lender will help you avoid wasting time tracking down unnecessary information.

For recommendations on mortgage lenders and/or a free tutorial on home buying, feel free to drop me a line: michael.pallares@nemoves.com.

Good luck on your home search!

Michael A. Pallares, Realtor, ABR
Coldwell Banker Residential Brokerage
1 vote
Richard Shap…, , Framingham, MA
Tue Oct 30, 2012
Have you asked your Loan Officer? Do you have one?

typical docs needed:
-one month of paystubs
-last year's W2
-tax returns if you are self employed or are paid commissions.
-most recent bank statements for any account where you have downpayment and reserve $$ saved.
1 vote
Scott McCaul…, Other Pro, Portsmouth, NH
Tue Oct 30, 2012
Mortgages are based off Credit and Income. So, generally the first meeting is gathering information to get an application- personal information, work info, etc... Having tax returns and corresponding W2's and/or 1099's, a month's worth of pay stubs, and then information about any assets you will be using(so bank staments) will be helpful.

If you need any help in getting qualified I would be glad to assist. Most can be done with a phone call these days.

Scott McCauley
Licensed Mortgage Planner
Regency Mortgage Corp
NMLS #174108
Ph: 603-380-3798
1 vote
Masha Sender…, Agent, Newton, MA
Tue Oct 30, 2012
two forms of photo ID
Last year's tax returns (last two years if self-employed)
1 vote
Johnny James, Agent, Palmdale, CA
Wed Nov 14, 2012
Download a 1003 Mortgage Loan Application and get familiar with it. Fill it out and get two years tax returns, 3 months bank statements, and last 3 checkstubs. That is enough to get the ball rolling. Get the DNA ready.
0 votes
Richard Shap…, , Framingham, MA
Wed Nov 14, 2012
DNA is required but the First Born guideline has been dropped by FHA.
0 votes
Johnny James, Agent, Palmdale, CA
Wed Nov 14, 2012
Take your DNA and your first born child just in case they require more documentation.
0 votes
CH Naamad, Agent, Boston, MA
Tue Oct 30, 2012
Please consult your mortgage broker for what is needed to apply for a mortgage.
Best reagrds,
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more