Mortgage Application Checklist
Everything you need to prepare for your home loan
Kara Lowrie
Acadiana Mortgage of Louisiana
📞 318-549-2800
This checklist will help you gather all necessary documents for your mortgage application. Having these items ready will speed up the process and ensure a smooth experience.
📋 Pre-Qualification Documents
Quick & Easy - Minimal Documentation
💰 Income Information
- Current employer name and contact information
- Approximate annual income (gross)
- Type of employment (W-2, self-employed, contract, etc.)
- Length of time at current employer
📊 Credit Report Authorization
- Social Security number
- Date of birth
- Current address (and previous if less than 2 years)
- Permission to pull credit report
🏠 Current Housing Costs
- Monthly rent or mortgage payment amount
- Property taxes (if you own)
- HOA fees (if applicable)
- Homeowners insurance (if you own)
💳 Monthly Debt Obligations
- Car loans/leases (monthly payment amounts)
- Student loans (monthly payment amounts)
- Credit card minimum payments
- Personal loans or other debts
✅ Pre-Approval Documents
Comprehensive - Full Documentation Required
📄 Recent Pay Stubs
- Last 30 days of pay stubs from your employer
- Must show year-to-date totals
- All pages (front and back if applicable)
📑 W-2s / Tax Returns
- Last 2 years of W-2 forms
- If self-employed: Last 2 years of personal tax returns (all pages and schedules)
- If self-employed: Last 2 years of business tax returns (all pages and schedules)
- 1099 forms if applicable
🏦 Bank Statements
- Last 2 months of checking account statements (all pages)
- Last 2 months of savings account statements (all pages)
- Investment account statements (stocks, bonds, mutual funds)
- Retirement account statements (401k, IRA, etc.)
🪪 Identification
- Valid driver's license or state-issued ID
- Social Security card (or documentation of SSN)
- Must be current and not expired
📊 Full Credit Authorization
- Signed credit authorization form
- Complete residential history for past 2 years
📝 Additional Documentation (If Applicable)
- Divorce decree or separation agreement
- Gift letter (if receiving down payment assistance from family)
- Rental income documentation (if applicable)
- Child support/alimony documentation
- Bankruptcy discharge papers (if applicable)
- VA Certificate of Eligibility (for VA loans)
⚠️ Important Note for Self-Employed Borrowers
If you are self-employed or if more than 25% of your income is commission-based, we will need to review your last two years of tax returns (both personal and business) for pre-qualification and pre-approval. This helps us accurately assess your income and qualify you for the right loan amount.