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14 Monument Square, Suite 100

Leominster, MA 01453

NMLS ID: 146120

 

Direct: 978-860-0100

Fax: 978-466-6979 

LEOMINSTER OFFICE:

308 West Central Street, Suite D1

Franklin, MA 02038

NMLS ID: 1191480

 

Direct: 888-986-0060

FRANKLIN OFFICE:

115 Flanders Road, Suite 120

Westborough, MA 01581

NMLS ID: 2084

 

Direct: 508-986-6100

Fax: 508-366-8210

1084 Main Street

Bolton, MA 01740

NMLS ID: 1218480

 

Toll-Free: 888-986-0060

WESTBOROUGH OFFICE:

BOLTON OFFICE:

We lend in the following states: MA, RI, ME, NH, CT. Massachusetts Mortgage Lender and Mortgager Broker License MC2084, Rhode Island License Number 20051871LL, Maine License Number #SLM8280/SLB12108. Licensed by the New Hampshire Banking Department, First Mortgage Broker and Banker License No. 8882-MBB, State of Connecticut Department of Banking, First Mortgage Lender/Broker No. 18804, Second Mortgage Lender/Broker No. 1880

EST. November 2001

ROSS MORTGAGE COMPANY, INC.

Copyright 2016 | All Rights Reserved | WEB by Left Eye Creations

Mortgage Loan Application Checklist

Mortgage Loan Application Checklist

When you apply for a mortgage loan, any lender is going to ask you for a list of paperwork and statements. But why so many? A home loan is one of the largest loans available and the lender needs to cover all the bases in making sure that you have the means to pay the loan back. So, what is needed to apply for a mortgage loan? We have developed a basic checklist for you to be as prepared for the application process as possible. Don’t forget to follow Ross Mortgage on Facebook and Twitter for daily advice on everything to do with your home.

 

Basic Mortgage Loan Application Checklist:

 

• Residential History for all applicants covering the past 2 years

 

• Employment history for at least the last two (2) consecutive years, including dates employed, name,          

 address and phone number of employer.

 

• Monthly or yearly income stubs from employment, retirement or other income sources. (Alimony, child

 support, additional maintenance income should not be included unless the applicant(s) would like such

 income to be considered as a basis for repaying the loan.)

 

• Any and all existing monthly payment obligations that would not be included on your credit report.

 (i.e. rent, alimony, child support, etc.)

 

• Proof of ownership to any assets that will be used for down payment, closing costs or to satisfy  

 reserve requirements, including names and addresses of banks, S&L or credit union, account numbers

 and the cash and market value evaluation. *Additional verification documents may be requested to

 support information.

 

• Complete copies of financial statements for any account you list on the loan application that verifies

 any assets or incomes being used for qualification purposes, covering at least the last two months and

 always include all pages of the statements.

 

• Income verification documents such as W2s for the most recent two years, pay stubs covering at least

 30 days or complete federal tax returns.

 

Now, this is just a basic list of what you need to apply for a standard mortgage loan. Different types of loans can require different documentation. Your loan officer will be able to help you decipher what else may be needed. If you are looking for a reliable loan officer, just click here. If you are ready to apply for a mortgage loan, why not see what Ross Mortgage can do for you? We’ll close your loan on time… every time… guaranteed.™

 

Start a loan application today at: Apply Online

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