Refinancing Checklist

Track the information as well as the documents you may be asked to provide when you apply.

Information

Full legal name, Social Security number, Date of Birth
Primary phone number, email address, current and former residential/mailing addresses over the last two years
Gross income amount, including primary, second and part-time jobs, as well as overtime, bonuses, and commissions, if applicable
Secondary income sources and amounts, if you want them considered for repaying this loan – including retirement or veteran's benefits, disability payments, alimony, child support, and rental or investment income
Name, address, and phone numbers of all employers over the last two years
Value of each bank account, retirement, investment, and other asset accounts
Current expenses including housing, credit card and loan payments, child support and other obligations
Original purchase price, year home was purchased, current estimated market value
Total outstanding balance of all loans secured by the property
Reason you are refinancing and the amount you need to borrow

Documents

Your mortgage professional will ask you to provide some or all of the documents listed below. Be prepared to provide additional documents as your application moves further along the process.

Income / Employment / Assets

IRS Form 4506-T — Request for Tax Transcript, completed, signed and dated
Pay stubs covering the last 30 days with year-to-date information included (for all jobs and applicants)
W-2s for the past two years
Federal tax returns (1040s) for the past two years
Written explanation if employed less than two years or employment gap exists within the last two years
Asset / Bank statements — Most recent two months' statements for all accounts listed on the application– all pages

Credit

Credit explanation letter for late payments, collections, judgments or other derogatory items existing in credit history
Source of funds documentation for any large deposits on asset statements (outside of payroll or gift fund deposits)
Judicial decree or court order for each obligation due to legal action (example: lawsuit, judgment, child support)
Bankruptcy / Discharge papers for any bankruptcies existing in credit history
Payment History for public utilities, phone company, cable, car insurance, and other expenses

If Self-employed

Federal tax returns (personal as well as business returns) — complete copies for the last 3 years
Profit and loss statement — year-to-date
List of all business debts

Other

Driver's License and Social Security card — legible copies
Hazard (Homeowner's) insurance information including agent's name and phone number

If you are a servicemember on active duty, prior to seeking a refinance of your existing mortgage loan, please consult with your legal advisor regarding the loss of any benefits you are entitled to under the Servicemembers Civil Relief Act or applicable state law.

Content and information provided as a courtesy. We make no representations or warranties as to accuracy or completeness of information and assume no liability for use of this information.