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Mortgage Application Checklist

Atlantic Bay Mortgage - Credit Score Basics

YOUR SOURCE OF INCOME

How you'll pay your mortgage

  • Pay Stubs
    • Last 30 days
  • Child Support or Alimony
    • Divorce decree
    • Or 12 months cancelled checks
    • Or bank statements showing consistent deposits
  • Award Letters
    • Proof of social security, pension and disability – This can be things like an award letter, bank statements, 1099s
  • W-2 Forms
    • Last 2 years

IF YOU ARE SELF-EMPLOYED

Otherwise, ignore

  • Pay Stubs
    • Last 30 days
  • Child Support or Alimony
    • Divorce decree
    • Or 12 months cancelled checks
    • Or bank statements showing consistent deposits

YOUR ASSETS

How you'll fund your downpayment

  • Original Bank Statements
    • The past three months’ worth of original bank statements including savings, checking, and investment accounts
  • Stocks & Securities
    • The past three months’ of stocks and securities account statements
  • Settlement Statement
    • If using funds from the sale of your current property
  • Sale of Asset
    • Proof of ownership
    • Proof of sale
    • Proof of funds transferred to you
  • Gift Funds
    • A gift letter
    • Proof of sale
    • Evidence of transfer of funds to you

YOUR PAYMENT HISTORY

To reveal your borrowing practices

  • Cancelled Rent or Mortgage Checks
    • Past 12 months, if not available on credit report
  • Copy of Land Contract (If Applicable)
  • Child Support or Alimony
    • Bank Statements showing deposits
  • Credit Counseling
    • Statements from credit counseling or bankruptcy discharge paperwork

ADDITIONAL INFORMATION

If applicable

  • Purchase Agreement
    • Including legal property description and any addenda
  • Divorce Decree (If Applicable)
  • Discrepancies on Credit
    • With explanation for any discrepancies on present