• Search for Homes
• My Saved Searches
• Rental Properties
• Find Commercial
• Bray Offices
• Office Listings
• Our Agents
• Mortgage
• Open Houses
• Local Information
• Buyers & Sellers
• Relocation
• Careers
• Bray Blog
• Contact Us
• Home

Mortgage Loan Pre-Approval

The following checklist covers most of the types of information you and any co-borrower will need to supply. Some lenders have slightly different information requirements, so you should ask your lender what to bring to your initial loan interview.

Your social security number and birth date and those of any co-borrowers.

Your most recent pay stub showing year-to-date earnings.

Your W-2 Tax forms for the past two years.

The names, addresses, and telephone numbers of your employers for the past two years.

You will need the account number and current balance of your checking account, savings account, and any other accounts you have.

Current assets such as Individual Retirement Accounts (IRA’s), certificates of deposit, stocks, and bonds. If you own securities, your lender may require a current brokerage statement with name of the stock(s), amount per share, and number of shares owned.

Value of personal property including life insurance face value, employee retirement accounts, furniture, cars, collections, and other valuable property.

For each loan, provide the lender with the name and address of each creditor and include both the monthly payment and the total amount due. Liabilities would include auto loans, student loans, credit cards, and other installment debt.

If you now own a home you will need the property address, current market value, mortgage lender name, account number, current monthly mortgage payment, and outstanding mortgage balance due. If you rent, you will need the property address, name and address of the landlord, the current monthly rent, and previous address/landlords. (You’ll only need to provide information about your former addresses if you’ve lived in your current address for less than two years.)

If you have already completed an Agreement to Purchase on a home, bring along a signed copy of that agreement and any amendments to it, a copy of the listing form for the property you wish to purchase and the legal description of property, and receipts for earnest money or down payment deposits toward that property. If you don’t have a signed purchase and sale agreement, don’t apply for a mortgage yet.

Special Situations

Lenders will require some applicants to supply additional information. Check the list below to see if any of these situations apply to you.

You’ll need to bring your federal tax forms for the past two years, along with a current year-to-date profit and loss statement.

You’ll have to bring a copy of your divorce decree and separation agreement, plus documentation on any alimony or child support statements you are required to make. If you’re receiving alimony or child support and want it to be considered as income, you’ll need proof of this income (such as the court clerk’s history of payments or cancelled checks for the past 12 months.)

Bring a copy of an award certificate or a check from the issuing agency.

Bring information on the proceedings. Information on bankruptcies should include a copy of the bankruptcy discharge and schedule of both debts and assets. Judgments against you should include an attorney’s letter that discusses the outcome of the proceedings.

Bring your DD214 Form (discharge papers) or your certificate of eligibility.

Bring along a photo identification card, such as a driver’s license. You may also need to bring your Social Security (if your Social Security card number is not on your photo ID).