What documents are needed for a mortgage pre approval?

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When it comes to getting a mortgage pre-approval, there are several documents that you will need to provide to the lender. These documents help the lender assess your financial situation and determine how much they are willing to lend you. In this article, we will dive deeper into the specific documents that are typically required for a mortgage pre-approval.

Income Verification

Pay stubs: Pay stubs from your current employer are commonly requested by lenders. These documents provide proof of your income and help the lender determine your ability to repay the mortgage.

W-2 forms: W-2 forms provide a summary of your earnings and the taxes withheld by your employer. Lenders often require the most recent two years’ worth of W-2 forms to verify your income stability.

Tax returns: Lenders may also request your tax returns for the past two years. Tax returns provide a more comprehensive view of your income, including any additional sources such as self-employment or rental income.

Asset Documentation

Bank statements: Lenders typically require two to three months’ worth of bank statements. These statements help verify your savings, checking, and investment accounts. They also provide insight into your financial stability and ability to cover the down payment and closing costs.

Investment statements: If you have any investments, such as stocks, bonds, or mutual funds, you may need to provide statements to prove their value. These investments can be considered as additional assets and may positively impact your mortgage pre-approval.

Retirement account statements: If you have a 401(k), IRA, or other retirement accounts, lenders may request statements to assess your long-term financial stability.

Debt and Credit Information

Credit report: Lenders will pull your credit report to evaluate your creditworthiness. It provides information about your credit history, including your payment history, outstanding debts, and any derogatory marks. It’s important to review your credit report beforehand to ensure its accuracy.

Debt documentation: You will need to provide information on your existing debts, such as credit cards, student loans, car loans, and any other outstanding loans. This includes the minimum monthly payments and the outstanding balances.

Additional Documentation

Identification: Lenders will require a copy of your government-issued identification, such as a driver’s license or passport, to verify your identity.

Proof of residence: You may need to provide documents that prove your current address, such as utility bills or a lease agreement.

Gift letters: If you are receiving a gift from a family member or friend to help with the down payment, you may need a gift letter stating that the funds are a gift and not a loan.


To obtain a mortgage pre-approval, you will need to provide various documents that verify your income, assets, debts, and creditworthiness. These documents help lenders assess your financial situation and determine the amount they are willing to lend you. By being prepared and gathering these documents in advance, you can streamline the mortgage pre-approval process and increase your chances of securing a favorable loan.


– Bankrate: www.bankrate.com
– NerdWallet: www.nerdwallet.com
– Investopedia: www.investopedia.com