What You'll Need
to Get Started
Lenders require a paper trail to verify income, assets, employment, and identity. Having these documents ready before you apply speeds up the process and reduces back-and-forth delays.
Required Documents
- 2 Forms of Government-Issued IDPatriot Act requirement — driver's license, passport, etc.
- 2 Most Recent Pay Stubs
- 2 Years Personal Tax ReturnsW-2s included
- HR Contact NumberFor employment verification
- 2 Months Bank StatementsAll checking and savings accounts
- 2 Months Asset StatementsStocks, 401(k), IRA, etc.
- 2 Years Business Tax Returns
- Current P&L StatementYear-to-date profit & loss
- 1099 Forms
- Occupational / Business License
- Divorce Decree
- Child Support or Alimony Documentation
- Purchase ContractPurchase transactions
- Escrow Deposit VerificationFrom realtor or title / attorney
- Prior Title PolicyRefinance only — may save on title insurance
- Prior SurveyRefinance only — may save on survey cost
Additional Disclosures
Credit Authorization
When you apply for a mortgage, the lender pulls a hard inquiry — this is different from a soft pull used for pre-qualification.
- Does not affect your score
- Pre-approvals, background checks, checking your own credit
- Minor impact on your score
- Required when a lender formally underwrites your loan
Loan Estimate (LE)
Issued within 3 business days of your mortgage application. Use it to compare loan offers across lenders.
- Interest rate, monthly payment, and loan amount
- Estimated closing costs
- Estimated taxes and insurance
- Any prepayment penalties or balloon payments
Closing Disclosure (CD)
Issued at least 3 business days before closing. This is the final version of your Loan Estimate — review it carefully before signing.
- Final loan terms and monthly payment
- Exact closing costs and cash to close
- Detailed fee breakdown — lender fees, escrow, title insurance, etc.
Mortgage Servicing
This disclosure tells you whether your lender intends to keep and service your loan after closing, or transfer it to another company.
It's common for loans to be sold or transferred — this does not change your loan terms, only who you send payments to.
Non-QM Loans
Non-QM loans (bank statement, DSCR, asset-based, etc.) follow their own disclosure requirements, which may differ from standard agency loan disclosures.
HELOC Loans
Exempt from TRIDHELOCs and other open-end credit products are exempt from TRID (the Loan Estimate / Closing Disclosure framework). They are governed instead by Regulation Z for open-end credit.
This means the disclosure timeline and document format will look different from a standard purchase or refinance mortgage.
