When you begin your quest for a mortgage broker in Nashville, don’t be afraid to interview several. Below you will find a list of documents that most brokers will require for loan qualification. If you compile these items in advance, your process is assured to run smoothly.
TIP – Try keeping these documents neatly in a folder in your Dropbox or Google Drive for quick and orderly access when needed.
General Items
Photo ID- Social Security Number
- Payment to cover any application fees
- Name and address of landlords (past 2 years)
- Copy of diploma if recently graduated
Income Verification
- Employment history, including names, addresses, phone numbers, and length of time with that company (past 2 years)
- New employer offer letter if appropriate
- Copies of your most recent pay stubs and W-2 form
- Verification of other income (social security, child support, alimony, retirement)
- If you are self-employed: Copies of signed tax returns including all schedules (past 2 years), and a signed profit and loss statement for the current year
- If you are retired: tax returns (past 2 years)
- If you have rental property income, copies of all lease agreements
Asset Verification
- Copies of bank statements from checking/savings accounts (past three months). Include all pages of statements
- Copies of all stock/bond certificates and/or past statements/retirement accounts
- Prepare a list of major household assets and their values
Creditors
- Credit cards (account numbers, current balances, and monthly payments)
- Installment loans (car, student, etc.) Same details as for credit card
- Mortgage loans (property address, lender, account numbers)
- Monthly payment and balance owed on all properties presently owned or sold within the last 2 years). Proof of sale for properties sold
- Childcare expense/support (name, address, phone number)
Other
- Bankruptcy – discharge and schedule of creditors. Adverse credit – bring letters of explanation
- Divorce – Divorce Decrees, property settlements, quitclaim deeds, modifications, etc.
- VA only – Form DD214 and Certificate of Eligibility
- Retirees – retirement and/or Social Security Award Letter