How to Get Pre-Approved For a Mortgage

Are you working with a DNJ Gateway Mortgage loan officer to apply for your mortgage?

Congratulations! Over the years, we’ve helped thousands of customers from Maryland, Virginia, North Carolina, South Carolina, Georgia and Florida get the home of their dreams with our no closing cost mortgages!

If you’re wondering how to get pre-approved for a mortgage, just follow this mortgage checklist, and your loan officer will have everything they need to complete the mortgage pre-approval process. (Copied or scanned documents are fine — originals aren’t necessary.)

Mortgage Checklist

Application & Disclosures

Your DNJ Gateway Mortgage loan officer will answer any questions regarding the application or disclosures.

  • Complete and sign a mortgage application
  • Review and sign application disclosure documents

Income & Assets

Copies or print outs are fine as long as your name, account number and institution name are shown. All pages of each document are required (i.e. 6 of 6):

  • Pay stubs for the last 30 days. If you are paid every 14 days, then 3 pay stubs are necessary
  • W2s or 1099s for the last two years
  • The last two bank statements from your checking account (all pages)
  • The most recent statements from any two of the following – savings account, 401K, IRA, investment account statement (all pages)

If you have made any large deposits (greater than $500) into your bank accounts:

  • Letter of explanation describing the reason for and source of the deposit

If a large deposit was a gift:

  • You will need to sign the gift letter provided by your loan officer
  • Provide a copy of gift check
  • A copy of the deposit receipt showing the gift

If you are self-employed, commissioned, own more than 25% of a business or own rental property:

  • Federal tax returns for the last two years (with schedules)
  • If you own rental property also provide the current rental agreements

If you are retired:

  • Pension Award Letter

If you receive Social Security:

  • Social Security Award Letter

Liabilities

We require the following statements:

  • Mortgage statement/invoice/bill for your first loan
  • Mortgage statement/invoice/bill for your second loan if applicable
  • If you have second loan also send the note or equity line agreement related to this mortgage
  • Information regarding any lien tied to the property (i.e. car loan, line of credit, HVAC system)

We will provide you with a copy of your credit report. Review this report thoroughly and let us know if you see any errors or unknown items. You will be asked to provide a written letter of explanation if any of the following appear on your report.

  • Late payments
  • Credit inquiries in the last six months
  • Bankruptcy filed within last seven years (send a copy of your bankruptcy papers)
  • Unsatisfied debts – charge-offs, collections, judgments and/or liens
  • A late payment on your mortgage(s) within the last 12 months

If You are Buying a Home and are Under Contract

  • Purchase Agreement – signed by all parties and all addenda
  • If you are renting your current home, copy of the lease
  • If you are selling your current home, copy of listing contract
  • If you have sold your current home, copy of settlement statement (HUD-1)

Miscellaneous

  • Photo ID – copy of your driver’s license
  • A copy of your social security card
  • If applicable, a copy of your divorce decree and/or separation agreement
  • If you are not a citizen, a copy of the front and back of your green card
  • Please be aware that additional items are likely to be needed after the loan has been initially approved and may be requested by a loan officer or credit analyst.

Contact Us with Additional Questions about our Mortgage Checklist

Homebuyers from Maryland, Virginia, North Carolina, South Carolina, Georgia and Florida wondering how to get pre approved for a mortgage, or wanting more information about our mortgage checklist can call one of our North Carolina offices, or contact us toll free at 877-9-NO-COST (877-966-2678)!

DNJ Gateway Mortgage proudly serves clients in Raleigh, Durham, Chapel Hill, Cary, Apex, Greenville, Fayetteville, Fort Bragg, Greensboro, Winston Salem, High Point, Wilmington, and Charlotte, NC, and surrounding areas. We also offer mortgages in South Carolina, Virginia, Maryland, Georgia and Florida.