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Mortgage Checklist

Information Needed During Mortgage Loan Application Process

Washington Trust encourages you to bring the following items with you when you meet with your loan officer to ensure prompt processing.

Income
• Copies of your pay stubs covering the last 30 days, and your W2 forms from the last two years
• A contact name and phone number to verify employment
• If you are self-employed, please provide last two years’ personal and business tax returns, including all schedules
• If rental property is owned, complete personal tax returns from the last two years will be required
• If using income from child support or alimony, copies of court documents and cancelled checks or bank statements from the last six months to evidence receipt of such

 

Assets/Liabilities
• Copies of last two months’ statements for all bank, investment, and/or retirement accounts (if any large deposits, be prepared to explain source)
• Copies of latest statements for all open mortgages, real estate bills, and insurance bills for all property owned (if condominium, also provide evidence of Homeowners Association dues)
• If you are currently obligated to pay child support or alimony, copies of court documents are needed
• Once your credit report is pulled, be prepared to answer any questions that may arise regarding derogatory credit and/or recent credit inquiries

 

Credit
• Once your credit report is pulled, be prepared to answer any questions that may arise regarding derogatory credit and/or recent credit inquiries

 

Property
• If purchasing, a copy of fully executed purchase and sales agreement and copy of deposit check(s)
• If selling a home, a copy of purchase and sales agreement for that property
• If property is currently undergoing any major renovations or in need of any major repairs, please let us know
• If applying for a construction mortgage, a copy of plans, specifications, and costs estimates or building contract
• If property is a condominium, a copy of condo association by-laws, current budget, and master insurance policy. We will also need a condo questionnaire completed, so please advise to whom this should be forwarded
• Name, address, and phone number of your homeowners insurance agent

 

Brian Mahone, VP, Regional Manager, NMLS#8982
Washington Trust Mortgage Company LLC
One Merchant Street, Suite 102, Sharon, MA  02067
Office:  (774) 218-0582
blmahone@washtrustmortgage.com
Copyright © 2018 Washington Trust Mortgage Company LLC, NMLS#901927
MA Mortgage Broker License #MC901927, MA Mortgage Lender License #MC901927, RI Lender License #20122863LL, RI Loan Broker License #20122864LB, NH Mortgage Banker License #18233-MB
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