In addition to deterring identity theft, lenders want to identify to determine if you’re a United States citizen or permanent resident and if
you’re at least 18 years of age.

Two forms of identification from this list are usually required:

• Driver’s license
• Passport
• State issued ID
• Military ID
• Social security card
• Birth certificate

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Lenders want to know that you have a stable job and have been employed at the same company for at least two years. If you haven’t been
at the same company but have held an equivalent position at another
company, that is usually acceptable, too. Try to avoid changing jobs
from when your loan application is submitted until after you close on
the loan.

• Paystubs – two weeks
• Tax returns – past two years
• W-2s and 1099s
• Bank statements
• Employer’s contact information or the person who manages human resources who can confirm you work for the company and your salary.

If you are self-employed, you can usually verify your income with these documents:

• Bank statements – at least the past two
• 1099 form

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Mortgage lenders will want to see that you have the money to cover your down payment and closing costs and have saved at least enough for
your first mortgage payment. Your bank and other financial account
statements will prove that the money is ‘seasoned’ and hasn’t been
deposited in cash the day before the loan closes.

Any recent large deposits that are not your regular income will need to be explained if they are not seasoned. If a family member has
contributed a monetary gift towards your down payment, they will need to
provide a gift letter to explain to the lender that the money is not to
be repaid.

Learn more about Giving and Receiving Gift Money for a Down Payment

Credit is a major determining factor for a mortgage application. Your mortgage lender will pull your credit score and credit report at the
time of pre-qualification or pre-approval and when the mortgage
application is submitted. They may do it again before your loan is
closed if your initial score was just over the eligibility qualification
or if there is a lengthy gap between the initial application and
closing day.

The mortgage applicant and co-borrower should review their credit report before applying for a loan to ensure the accounts and information
your creditors report to the credit reporting agencies are correct. You
should also independently verify your credit score to ensure you have
attained at least the minimum credit score of your loan eligibility
requirements.

If your lender uses a digital verification service, you can upload your documents to their portal for review. Lenders who use a manual
process to gather and analyze documents will likely request that the
documents be emailed, faxed or mailed to their office. Be sure to copy
every page of a bank statement, even if one page is blank.

Borrowers who use a FinLocker can upload copies of their ID, paystubs, and tax returns to the Document center in their app then
securely share those documents along with their bank account information
to their lender. FinLocker users can see their credit score and
TransUnion credit report directly in their app.