What Documents Do I Need to Provide to a Mortgage Broker?

When you’re ready to apply for a mortgage, having the right documents ready for a Mortgage Broker can make the process much smoother. You need to provide some documents to your broker; such as personal identification, proof of income, employment verification, asset documentation, credit information, debt information, and property information.


7 HIGH-PRIORITY documents you need to provide to your Mortgage Broker are listed below:

  1. Personal Identification
  2. Proof of Income
  3. Employment Verification
  4. Asset Documentation
  5. Credit Information
  6. Debt Information
  7. Property Information


1. Personal Identification

Firstly, your Mortgage Broker will need to verify your identity to start the process.

Some examples are:

  1. Driver’s License or Passport: Make sure it’s current and valid.
  2. Social Security Number: Needed for credit checks and verification.


2. Proof of Income

In addition, your income proof shows you have the financial means to repay the loan.

It generally contains:

  1. Pay Stubs: Most recent pay stubs covering the last 30 days.
  2. Tax Returns: Federal tax returns for the past two years.
  3. W-2 Forms: From the past two years.
  4. Self-Employment Docs: If self-employed, undoubtedly provide profit and loss statements, 1099 forms, and business tax returns.


3. Employment Verification

Also, your broker will need to confirm your employment status by getting:

  1. Employer Contact Info: For verification purposes.
  2. Employment Letter: A letter from your employer confirming your position, salary, and length of employment.


4. Asset Documentation

Your Mortgage Broker needs to see proof of your assets to understand your financial situation, in particular.

This surely includes:

  1. Bank Statements: Statements from the past two to three months for all your accounts.
  2. Retirement Accounts: Documentation of your 401(k), IRA, or other retirement accounts.
  3. Investment Accounts: Statements for any stocks, bonds, or other investments.


5. Credit Information

Your credit history surely plays a significant role in the mortgage approval process.

It is particularly important to know about your:

  1. Credit Report: Your broker may also pull your credit report, but you can also provide a recent copy.
  2. Credit Issues: If there are any discrepancies or negative marks, certainly provide explanations.


6. Debt Information

Your broker particularly needs to understand your current debt obligations by offering:

  1. Loan Statements: Statements for any existing loans, including car loans, student loans, and personal loans.
  2. Credit Card Statements: Recent statements for all your credit cards.
  3. Alimony or Child Support: If applicable, provide details of any alimony or child support payments, in particular.


7. Property Information

If you’ve already chosen a property, you should basically pay attention to:

  1. Purchase Agreement: The agreement or contract for the home you are buying.
  2. Property Tax Info: Recent property tax statements.
  3. Homeowner’s Insurance: Proof of insurance or a quote for the property.



By having these documents ready, you’ll undoubtedly help your Mortgage Broker process your application more efficiently. The more prepared you are, the quicker and easier it will be to certainly secure your mortgage.