Mortgage Application Checklist

Below is a list of items you will need to gather to make the application process a smooth one. Once you have all the necessary information, you can complete the pre-qualifying application on-line or contact one of our South Central Bank Mortgage representatives.

  • Your social security number(s).

  • The address(es) of your residence(s) of the past two years, plus the names and addresses of any landlords during that time.

  • Paycheck stubs from the last 30 days that show year-to-date earnings.

  • Current W-2 forms. If you are self-employed, earn commissions, overtime, or bonuses totaling over 25% of income, please provide personal and/or corporate tax returns from the past two years. A current profit and loss statement and balance sheet are needed for self-employed individuals.

  • The names and addresses of all employers for the past two years.

  • A current bank statement for all checking and savings accounts.

  • Current statements for CDs, IRAs, stocks, bonds and other securities, if you intend to use any for downpayment.

  • A list of all monthly debts (auto loans, student loans, mortgage loans, credit cards, etc.), creditor's names, addresses, your account numbers, minimum monthly payment amounts and balance due on each account.

  • Information on any real estate you already own, including property address, current market value, mortgage lender's name and address, loan account number, balance and monthly payment.