Required Documents (Mortgage)
*Cortland Banks offers FREE pre-approval letters.
The following are the required documents needed for a mortgage application:
1. If purchasing a new home:
a. A copy of the signed sales contract, including the property address. Include name and phone number of your
realtor (if applicable).
b. If you are in the process of selling your current home, a copy of the signed sales contract. If the sale of your
home is completed, a copy of the hud-1 settlement statement, showing monies received.
2. The last two (2) months statements for all bank or brokerage accounts being used for down payment.
3. If you are currently renting, you’re landlords name, address and phone number.
4. Most recent statement(s) for all mortgage loans. If you do not receive a monthly statement, a copy of the coupon book is acceptable.
5. Most recent statement(s) for all debts to be paid off through the loan (refinance only).
6. A copy of your previous title work and location survey (refinance only).
7. A copy of your current homeowners insurance policy showing the coverages and yearly premium. (refinance only).
8. The social security numbers and non-expired driver’s licenses/identification cards for all borrowers.
9. A list of previous addresses for the last two (2) years.
10. One (1) full month of current paystubs for all borrowers.
11. Last two (2) years w-2’s for all borrowers.
12. If employed on current job for less than two (2) years, include name and address of previous employer(s).
13. If you own 25% or more of a business you are considered self employed and must provide the following: (please sign and date all pages of the following)
a. Last two years of your personal tax returns, with all schedules.
b. Last two years of corporate/partnership tax returns, with all schedules. (if applicable)
14. If you are divorced, copy of divorce decree.
15. If you are obligated to pay alimony or child support, a copy of the court order.
16. A check for the appraisal fee and credit report fee (required for refinances and borrowers with fully-executed purchase agreements).
*Depending on your financial situation, all of these items may or may not apply to you.
List Revised 2/2009
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