Document Checklist

Required Documents for Loan Approval

When applying for a mortgage loan, we will ask you to produce a number of documents that are required by various lending agencies, and governed by federal and state regulations.  We understand this can feel daunting.  Our priority is to make it clear what is required, and to gather this information from you at one time – early in the mortgage loan application process.  The following documents are commonly required, and we urge you to be diligent in gathering these documents early, providing them to your Mortgage Loan Originator at or very shortly after submitting your loan application.   This will result in more timely and comprehensive approvals, allowing us to source the most appropriate mortgage options for your review, at the most competitive terms.

Income Documentation

  • Paystubs: Please gather your most recent 30-days of consecutive paystubs for all borrowers.
  • Tax Documents: We will need copies of your W-2 Statements for all income earned from the past two (2) years. In addition, we will need a copy of your complete federal tax returns for the same period, all pages and attached schedules.
  • Self-Employed Borrowers Only: If you are self-employed, or receive any secondary income due to self-employed activity, not only will we need your last two (2) years of filed personal tax returns, but we will also need the most recent two (2) years of your business tax returns, all pages and supporting schedules.

Asset Documentation

  • Checking, Savings, Retirement, Stocks, Bonds, and/or Mutual Funds: Please print out a copy of your statements for the most recent two (2) months, all pages. Please note, an online screen shot of your balances will not suffice, we will need a copy of all pages.

Identification Documents

  • Driver’s License: Please provide a copy of a valid, unexpired, government-issued photo ID.
  • Additional ID: In addition to your Driver’s License, we will need a 2nd form of identification – either another government issued ID or social security card will suffice.

Miscellaneous

  • Divorce Decree or Separation Agreement: If you have been divorced or separated, we will need a copy of the agreement, all pages.
  • Refinance Transactions: We will need a copy of your homeowner’s insurance declarations page (OR) your agent’s contact information, along with your most recent copy(ies) of all statements for all outstanding mortgage loans, for all properties owned.

In accordance with federal regulations, you are not required to provide verifying documentation until you submit an application, receive a Loan Estimate, and state an intent to proceed with the transaction.

If you wish to receive a Loan Estimate, you must provide us 6 pieces of information – (1) Your Name (2) Monthly Gross Income (3) Social Security Number (4) Subject Property Address (5) Estimated Value of the Subject Property and (6) Mortgage Loan Amount sought.

You may apply and submit these in writing, in person, or over the phone. Once this information is provided, we will provide you a Loan Estimate within 3 business days.

TCF Home Loans offers a mortgage pre-qualification service prior to submitting an application, free of charge. This is not an application for credit. Please speak to one of our Licensed Mortgage Loan Originators with any questions.