Mortgage Underwriting Checklist
After you’ve been pre-approved for a mortgage loan, having the information and documentation you need will help ease the process of completing your application and prepare you for closing. Here’s a checklist of the items you may need.
Executed real estate contract
Employee information
List of assets
List of liabilities
Appraisal fee (approximately $575*)
Signed/E-Signed disclosure package
Intent to proceed (verbal or written)
Membership verification, or become a member (if not currently)
Gift Letter (if receiving gifted funds for closing)
Two consecutive recent pay stubs for all borrowers
Two years personal federal tax returns and two years of W-2s
Self Employed Borrowers only; last Two years business and personal tax returns, as well as current financial statements
Two consecutive months of recent bank statements with transaction history – all bank or credit union accounts
Recent 401K statement, mutual funds statement, and/or brokerage account statement
Documentation that verifies any additional income sources to be considered
*Actual cost and fees may differ based on your qualifying rate and loan terms.