The thought of applying for a mortgage can be overwhelming. There are so many documents required, and you really must be organized and prepared to tackle it. However, just remember that many buyers have been through the same process successfully, so focus on the reward of property ownership at the end. It may reduce your anxiety and make it easier if you know what to expect when applying for a mortgage.

The first step is to organize your paperwork. Gather all of the pertinent financial and employment documents together and easily accessible. Putting everything together in advance will save you a lot of time and stress later. Also make sure you tell your mortgage person everything. All of your information is necessary up front so that they can help you get the most property with the least payment. It is easier to resolve issues when they arise if your mortgage advisor knows all of the details.

Another piece of advice about your documents is not to black out any numbers on the bank statements or tax returns. You will likely be asked to resend them later without anything blacked out, so save yourself some time and don’t do it in the first place.

Before you apply for a mortgage, think about what you can realistically afford. Have a mortgage figure in mind that you are comfortable with, and stay firm with that number. Banks often approve amounts higher that what you apply for, but since you’re the one making the payments every month, make sure you are confident you can afford it.

It is necessary to obtain a credit report prior to applying for a mortgage. Look through it carefully to make sure it is accurate and there are no surprises. You don’t want to get deep into the mortgage process and then be blindsided with something unexpected.

There are many documents required for a typical mortgage. Sometimes other records are needed specific to your situation, but here is a checklist of documents that can be expected in most cases:

  • Previous two years of W-2 tax returns
  • Recent pay stubs
  • Proof of any additional income
  • Previous two months of all asset account statements
  • Paperwork on any investment properties
  • Copy of driver’s license
  • Copy of green card if permanent resident alien
  • Contact information for landlord(s) for past two years
  • If applicable, divorce decree, separation agreement, and property settlement agreement


Once you collect all of the pertinent documents and deliver them to your mortgage person, you will be well on your way to owning your new property.

Dave Hughes Signature Homes is a Custom luxury home builder in Conroe, Willis, Montgomery, Tomball, Magnolia, Lake Conroe, and Bentwater. We offer new constuction and build on your lot in many luxury communities including Bentwater, April Sound and Walden.