Items Needed at Mortgage Application

Completing your mortgage application is simple. Just collect the following items for yourself and any co-borrower on the loan before you meet with a PMA mortgage advisor. The following information is required at time of submission of your loan application.

Identification

• Driver’s License or Passport

Current and Previous Addresses

• If you own a home, bring the property address, current market value, mortgage lender name, account number, current monthly mortgage payment, and outstanding mortgage balance
• If you are renting, bring the property address, name and address of the landlord, current monthly rent, and previous address/landlords if you have lived at your current address for less than two years

Income

• The most current paycheck stubs to cover one month of income.
• Last two years W2’s.
• Last two years of personal tax return if you are self-employed or own more than one property.

Employment

• All borrowers must provide name(s), address(es) and phone number(s) of employers for the past two years

Liabilities

• Existing real estate loan information: mortgage statement.
• Auto loan statement.
• Other installment loan statements.

Assets

• Three months of bank statements (checking and/or savings)
• Current statements for Individual Retirement Accounts (IRAs), Certificates of Deposit (CDs), stocks, bonds, and 401(k) accounts
• Investment property information if applicable: include copies of rental agreements.

Other

• If you are self-employed or work on a commissioned basis, you should bring your federal tax forms for the past two years and a current year-to-date profit and loss statement
• If you are separated or divorced, you should bring a copy of your divorce decree and separation agreement. Also bring documentation on alimony, child support, or separate maintenance payments you are required to make or you receive as income. Proof of this income can be the clerk of court's history of payments or canceled checks for the past year. Note: Alimony, child support, or separate maintenance income need not be revealed if you (or a co-borrower) do not choose to have it considered for repaying this loan.
• If you include pension, disability, Social Security, or other public assistance as part of your income, you will need to bring a copy of an award certificate or a check from the issuing agency
• If you have a bankruptcy, foreclosure, or any other judgments against you over the past seven years, you will need to bring relevant information about the proceedings. Such information includes a copy of the bankruptcy discharge and schedule of both debts and assets. An attorney's letter that discusses the outcome of the proceedings should be included if there are judgments against you.