Financial Planning

Using a Mortgage Loan Application Checklist

If you're applying for a mortgage soon, here's a checklist of some of the material your lender will need to get your pre-approval and your mortgage loan moving.

Applying for a Mortgage: Using an Application Checklist

Applying for a home mortgage loan can feel a lot like an endless bottleneck of paperwork. From completing required applications to gathering the necessary financial documents, the process can be stressful.

Thankfully, you can lessen some of the financial management anxiety by assembling a checklist of the financial documents you might need before embarking on the loan process. Not only can a checklist help save you time, it might even help save your nerves.

The following is a basic home loan checklist to help get you started on your mortgage loan journey. Of course, you'll want to check with your lender to see what additional information and/or documentation they may require.

  • A copy of your most recent pay stubs covering a 30-day period.

  • A copy of your last two years of W-2 tax returns

  • A copy of your credit report.

  • Recent copies of all checking, savings, and retirement accounts - 401(k), mutual funds, etc.)

  • Proof of other income sources such as pensions or income from rental property

  • If you or your partner is self-employed you'll need a recent profit and loss statement, copy of your business license, and business tax returns

  • If you're applying for a VA loan, you may also be asked to produce a copy of a DD 214 or Statement of Service from your commanding officer


Once you have all of your paperwork gathered, it's time to get organized. Use file folders, dividers, tabs, etc. to separate your paperwork in an organized fashion for easy access. You should also grab a notebook to jot down any additional items that your lender may need.

Visit the Protective Financial Learning Center for additional information on budgeting for your first home, as well as helpful information on understanding private mortgage insurance.

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All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax‐related decisions. For information about Protective Life and its products and services, visit www.protective.com.

Companies and organizations linked from Learning Center articles have no affiliation with Protective Life or its subsidiaries.

Mortgage Application Checklist

A mortgage application checklist is a great tool to guide you through the mortgage loan process. Be sure that you have the proper documents in order and any additional information that may be required. For more information, visit our learning center.

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