The following information is typically needed when applying for a mortgage:

Purchase contract and property information:

• Copy of the sales contract
• Mailing address and property description
• Contact information for access to the property
• Plans and specifications (new construction only)

Personal information:

• Social Security number
• Age
• Years of schooling
• Marital status
• Number and ages of dependents
• Current address and telephone numbers
• Addresses for the past seven years
• Current housing expenses (rent, mortgage, insurance, taxes)
• Name and address of landlord or mortgage holder for past two years

Employment history and income:

• Two years of employment history, with complete details of each job
• Recent pay stubs and two years of W-2 forms
• Complete tax returns and financial statements if self-employed
• Written explanation of employment gaps
• Records of dividends and interest received
• Proof of other income

Assets:

• Complete information on all bank and money market accounts
• Two months of bank statements
• Current values of stocks, bonds, mutual funds and other investments
• Vested interest in retirement funds
• Value of life insurance
• Information on vehicles you own
• Information on real estate you own
• Value of significant personal property you own

Liabilities and debts:

• Itemized list of all current debts (loans, credit cards and other bills)
• Written explanation of past credit problems
• Full details of bankruptcy during the last seven years

Fees:

• Credit report and appraisal fees (usually $500 or less)