Mortgage Application Checklist

The following items may be required if you decide to proceed with the loan and after the Good Faith Estimate is issued to you:

• A check which covers the cost of your credit report and appraisal, if applicable.
• Your Social Security Number(s).
• The address(es) of your residence(s) for the past two years, plus the names and address(es) of all landlords during that time.
• The names and address(es) of all employers for the past two years.
• Paycheck stubs from the last 30 days that show your year-to-date earnings.
• Original W-2 forms for the past year.  If you are self-employed, earn commissions, overtime, or bonuses totaling over 25% of your income, please provide personal and/or corporate tax returns from the past year.  A current profit and loss statement and balance sheet are needed for self-employed individuals.
• A list of all your monthly debts (auto loans, student loans, mortgage loans, credit cards, etc.), creditors' names, address(es), account numbers, minimum monthly payment amounts and outstanding balances on each account.
• Information on any real estate you already own, including property address, current market value, mortgage lender's name and address, loan account number, balance and monthly payment.
• You will need to provide your original bank statements from the two most recent months for all checking and savings accounts.
• Statements from the past two months for CDs, IRAs, stocks, bonds and any other securities if you intend to use any of these assets for your down payment.
• We will also need a signed purchase contract on the home you wish to buy, plus any amendments or counter offers, and the receipts for earnest money or down payment deposits. Please also provide the phone number and address of the listing and selling agents (or seller and seller's attorney if no real estate agent is involved).
• If a sale is pending on your existing home, we'll need a copy of the purchase contract for that existing property and the sales listing contract.

Call us for further information on the mortgage application process and to find out about the wide variety of mortgage products offered by U.S. Bank Home Mortgage!

This mortgage application checklist may not be all inclusive. Additional information may be required. Loan approval is subject to program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice