Document Checklist

Document Checklist

As part of the mortgage process, there are certain items you will need to provide to support your mortgage applications.  Here are a list of the most common items you could be asked for, depending on your financial situation.  Preparation in advance can save you a lot of time and hassle by having all of your documents ready when speaking or meeting with a Loan officer.

If Purchasing a New Home:

  • Offer to purchase
  • Purchase and Sales agreement
  • Earnest Money deposit (down payment checks): copy of any canceled checks used as deposit or down payment
  • Homeowners Insurance: a binder and paid receipt for one year will need to be obtained, prior to closing


  • Current Paystub showing 30 day history
  • Last 2 years w-2 forms
  • Last 2 years 1099 forms
  • Last 2 years federal tax returns (needed is using bonus income, commission income, self-employed income, trust income, rental income
  • If gap in employment within the last 2 years, letter of explanation
  • If self-employed, copy of current P&L, 2 years’ personal federal tax returns (include k-1’s) and corporate, s-corporation or, partnership returns
  • If rental income copy of current lease(s) and 2 years personal federal tax returns.
  • If divorced and receive alimony and child support, copy of divorce decree.  If recently divorced, must have received for at least 6 months and copy of cancelled   checks will be needed
  • Copy of Social Security Award letter or Disability award letter (if applicable)
  • Copy of pension/retirement check or evidence of direct deposit (if applicable)
  •  For interest and dividend income, copy of last 2 years tax returns and provide assets that generates the income. 


  • Most recent 2 months bank statement, all pages for all asset accounts
  • Documentation of any large deposits into the asset accounts
  • If gift funds being received and used, copy of completed gift letter and receipt of gift


  • Inquiry letter for inquiries showing on credit report
  • Copy of terms of any new debt that does not show on credit report
  • Copy of 12 months canceled checks if account does not show on credit report
  • Copy of 12 months’ rent checks, if currently renting, or landlord reference
  • If business pays for loans, copy of 12 months canceled checks showing company pays.
  • Other Real Estate owned: Copy of Current mortgage statement to show full payment.  If payment does not include taxes and/or insurance, copy of current tax and insurance bill. If condo, copy of condo fee payment for at least 3 months
  • If divorced, and have alimony or child support payments: Copy of complete divorce decree

Credit Report information:

  • A mortgage credit report will be obtained as part of the mortgage process.  All outstanding and previous credit history should appear on the report. 
  • If a current liability does not appear on your credit report:  Provide name of creditor and account number in order for a credit supplement to be obtained. OR provide 12 months canceled checks for the payments made.
  • If an inquiry occurs on your credit report:  Provide written letter as to what the inquiry was for.  If credit was issued, Provide copy of current statement or application of terms along with account number in order for a credit supplement to be obtained OR provide as many months canceled checks for the payments made.
  • Credit explanation letter for all derogatory credit that appears on your credit report (late payments, collections, judgments, foreclosure, short sale, bankruptcy, etc)
  • If bankruptcy in credit history, provide discharge papers

Identity Verification:

  • Full legal name, social security number and birthdate
  • Phone number, email address and current and former residential mailing addresses over the last two years
  • Government-issued photo ID
  • Green card or Work Visa



NMLS #2705 (Lexington)
NMLS #803542 (Newburyport)
NMLS #1222064 (Middleton)

MA Lenders and Brokers License #MC2705

Licensed by the New Hampshire Banking Dept

Licensed in Maine


91 Hartwell Avenue
Lexington MA 02421 
NMLS Unique ID: #2705

11 Market Square
Newburyport MA 01950
NMLS Unique ID: #803542

181 South Main Street
Middleton, MA 01949
NMLS Unique ID: #1222064

P: 781-861-7767
F: 781-861-9636