What Documents Do I Need to Get a Mortgage?

Getting a mortgage usually means a lot of paperwork. Here are the documents you should have ready when you're looking for a lender. 

Work related

  • Current pay stubs: Your lender needs to verify your income so they will have a good idea how much house you can afford. Use our handy calculator to make sure you already know how much house you can afford when you start house hunting.
  • Letter from your potential employer: If you've recently started a new job and haven't gotten paid yet, your lender might ask for a letter from your employer (or potential employer) verifying that you do work for them, the amount you'll be paid, and when you'll start receiving that income. 

Tax related

  • W2s: You'll need to dig up the past two years of W2s for your lender. 
  • Federal tax returns: Your lender will also want to see the past two years of your federal tax returns. 

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Personal finances

  • Bank statements: Your lender will need to see your bank statements for the past two months so they have a good idea of whether or not you'll be able to pay your mortgage. 
  • Asset statements: This includes your retirement accounts and any other investments you've made over the years. 
  • Credit report: You won't actually need to bring your credit report to your mortgage lender (they'll pull it on their own), but it's a good idea to take a look at it and make sure your credit is in good shape. If it's not, review some of our articles on building credit that may help you.

Other

  • Drivers license or passport: Your lender will need this so they can verify you are who you say you are. 

Getting the right papers in order can be daunting, but remind yourself why you're going through all the trouble. Maybe it's to realize the benefits of buying vs. renting, or to be closer to family. Whatever is motivating you, don't lose sight of your goals!