Mortgage Application Checklist
Organize the information commonly needed when preparing to apply for a mortgage.
Before Applying
- Review your household budget and comfortable payment range.
- Check credit information for errors where applicable.
- Estimate available down payment, closing costs and reserves.
- Calculate debt-to-income ratio.
Documents to Organize
- Identification and address history.
- Recent income documentation.
- Bank and asset statements.
- Current debt obligations.
- Employment or business-income records where relevant.
- Property and purchase-contract information once available.
Compare Offers
- Interest rate and APR.
- Loan term and payment structure.
- Upfront lender charges.
- Estimated closing costs.
- Prepayment and adjustment terms.