Application Checklist

Below is a list of documents that are required when you apply for a mortgage. However, every situation is unique and you may be required to provide additional documentation. So, if you are asked for more information, be cooperative and provide the information requested as soon as possible. It will help speed up the application process.

Your Property

  • Copy of signed sales contract including all riders
  • Verification of the deposit you placed on the home
  • Names, addresses and telephone numbers of all realtors, builders, insurance agents and attorneys involved
  • Copy of Listing Sheet and legal description if available (if the property is a condominium please provide condominium declaration, by-laws and most recent budget)

Your Income

  • Copies of your pay-stubs for the most recent 30-day period and year-to-date
  • Copies of your W-2 forms for the past two years
  • Names and addresses of all employers for the last two years
  • Letter explaining any gaps in employment in the past 2 years
  • Work visa or green card (copy front & back)

If self-employed or receive commission or bonus, interest/dividends, or rental income:

  • Provide full tax returns for the last two years PLUS year-to-date Profit and Loss statement (please provide complete tax return including attached schedules and statements. If you have filed an extension, please supply a copy of the extension.)
  • K-1’s for all partnerships and S-Corporations for the last two years (please double-check your return. Most K-1’s are not attached to the 1040.)
  • Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda for the last two years. (Required only if your ownership position is 25% or greater.)

If you will use Alimony or Child Support to qualify:

  • Provide divorce decree/court order stating amount, as well as, proof of receipt of funds for last year

If you receive Social Security income, Disability or VA benefits:

  • Provide award letter from agency or organization

Source of Funds and Down Payment

  • Sale of your existing home – provide a copy of the signed sales contract on your current residence and statement or listing agreement if unsold (at closing, you must also provide a settlement/Closing Statement)
  • Savings, checking or money market funds – provide copies of bank statements for the last 3 months
  • Stocks and bonds – provide copies of your statement from your broker or copies of certificates
  • Gifts – If part of your cash to close, provide Gift Affidavit and proof of receipt of funds
  • Based on information appearing on your application and/or your credit report, you may be required to submit additional documentation

Debt or Obligations

  • Prepare a list of all names, addresses, account numbers, balances, and monthly payments for all current debts with copies of the last three monthly statements
  • Include all names, addresses, account numbers, balances, and monthly payments for mortgage holders and/or landlords for the last two years
  • If you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation
  • Check to cover Application Fee(s)
I purchased my first home through Rob and because of his excellent service, I decided to use him a second time. Rob helps eliminate the stress of purchasing a home. Both of my purchases went very smoothly, and I always felt well taken care of. He doesn't ever make you feel pressured, and always makes you feel comfortable enough to ask any and all questions you may have. I would highly recommend Rob Eddie at Northern Mortgage if you're looking to purchase a home!
Jamie V.
Grand Rapids, MI
Dear Matt, Jean and I just wanted to say Hi and tell you that the last year has been a pretty great one for us. We have been in the house for a year on the 20th. of Jan. We just wanted to say thanks for all you did to help us get in this house. We certainly hope by now that your "wife" is by your side, and expecting your first child. Also give a special thanks to your mother for all her help. She did so much for us, and I will never forget her kindness. I'm sending along a pic. of your gift, its doing well. We would love it if you and your wife would stop by sometime. Bring Pava as well.
Chuck H.
Grand Rapids, Michigan
Thank you Lynne for all your time and effort in helping me find a new home. I appreciate you walking me through every step in the process to ensure I knew what was going on. I would recommend Lynne and Northern Mortgage Services to any of my friends and family.
Bryant S.
Holland, MI

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Northern Mortgage Services

3714 28th SW, Grandville, Michigan 49418

markgaylinn

3714 28th Street Southwest,
Grandville, MI 49418, USA