A comprehensive checklist of documents you will need to have ready when applying for a mortgage loan with Elite Mortgage & Loan LLC.
Having your documents organized before you start saves time and keeps your loan on track. Submit complete packages promptly — responsiveness to your loan officer is one of the biggest factors in closing on schedule. If applying jointly, both borrowers will need the full set.
Document Checklist
Document Category
Required Documents
Personal Identification
Driver's License or Passport
Social Security Card
Bank Statements
All savings and checking accounts.
Last quarter (3 months) of stocks/bonds/mutual funds/401K.
W-2 Forms and 1099 Forms
Tax Returns (past two years).
If self-employed: all 1099 Forms, bank statements, Last 12-24 months of profit and loss statements
Proof of Income
Recent Pay Stubs
W-2 Forms and 1099 Forms
Tax Returns (past two years).
If self-employed: all 1099 Forms, bank statements, Last 12-24 months of profit and loss statements
Employment Verification
Employment Verification Letter
Recent Pay Stubs
Employer Contact Information for verbal Verification Of Employment (VOE).
Borrowers' Certification and Authorization
Your Mortgage Loan officer will provide a specific form.
Homeowner Insurance Quote.
At some point, your MLO will ask you to shop for homeowner's insurance and obtain a written quote for submission.
Proof of Down Payment
Bank statement showing the history of the down payment accumulation in the account.
Avoid significant purchases from starting the application until after closing.
A gift letter to confirm that the money is a gift, not a loan.
Note: Gift regulations vary by loan type.
Other Mortgages
If there are other mortgages, provide bank statements of the payments.
Disclaimer: The information provided on this page is for informational purposes only and is not intended as financial advice. Note: This table provides a comprehensive overview of the required documentation for a mortgage application. Consult with your broker for specific details and any additional documents they may request.