Skip to main content

Mortgage Application Checklist

Mortgage Application Checklist

Whether you’re buying a new home or refinancing your existing home, applying for a mortgage can be both exciting and overwhelming. Once you have selected a lender, you’ll need to set up a time with a mortgage representative to complete your application.

In addition to reviewing and signing any necessary documentation with your mortgage representative, you’ll also need to present verification of your income, assets and other financial information.

To help you prepare for the process, below is a comprehensive checklist of what is generally needed when you apply for a mortgage. If you have these items with you, it will help make your application process easier!


Information needed for all applicants:

  • Personal address (2-year history)
  • Names, addresses and phone numbers of employers (2-year history)
  • Most recent paystub for the past 30 days supporting year-to-date earnings
  • W-2s (2-year history)
  • If you’re self-employed: Personal and business tax returns with all schedules (2-year history)
  • If you’re using funds from Social Security/Retirement/Pension Income: Award letter, 1099 or W-2 for the most recent year and proof of current receipt
  • Last two months’ complete bank statements for all accounts that are being used for the mortgage application; Any large deposits to be fully documented
  • If you’re using funds from a gift: Donor’s name, address and phone number
  • Appraisal Fee: Credit card or check made payable to Dollar Bank

If you’re purchasing a home:

  • Sales agreement signed by all parties

If you’re refinancing your mortgage:

  • Copy of current Homeowners Insurance Declaration Page
  • Year-end mortgage statement from current lender or paid Real Estate tax receipts if you do not currently escrow

In general, when you apply for a mortgage, bring anything that can be photocopied and used to verify your income, assets and obligations. It will significantly speed up the processing of your application.


We are here to help! If you’re interested in learning more about the mortgage application process, contact one of our mortgage experts today


Try Our Mortgage Calculators



This article is for general information purposes only and is not intended to provide legal, tax, accounting or financial advice.  Any reliance on the information herein is solely and exclusively at your own risk and you are urged to do your own independent research. To the extent information herein references an outside resource or Internet site, Dollar Bank is not responsible for information, products or services obtained from outside sources and Dollar Bank will not be liable for any damages that may result from your access to outside resources.  As always, please consult your own counsel, accountant, or other advisor regarding your specific situation.

Posted: September 30, 2020