Want to avoid delays and last-minute surprises during your mortgage approval? Start here—with the checklist our top-performing borrowers swear by.
In a fast-moving real estate market, preparation is everything. One of the biggest reasons mortgage approvals stall—or fall through—is incomplete or delayed documentation. But with the right checklist and guidance, you can stay ahead of every requirement and keep your home purchase moving forward.
Whether you’re buying your first home or refinancing, this step-by-step checklist will help you get organized and stay in control.
Step 1: Gather Your Financial Documentation
- Most recent pay stubs (last 30 days, if salaried)
- W-2s and/or 1099s (last 2 years, if salaried)
- Tax returns (last 2 years, if self-employed)
- Bank statements (last 60 days for all accounts)
- Proof of additional income (alimony, bonus, rental income)
Step 2: Know Your Credit Position
- Obtain your credit report and check for errors
- Avoid new credit inquiries or major purchases
- Keep existing accounts open and paid on time
Step 3: Clarify Employment and Income Stability
- Be prepared to explain job changes, gaps in employment, or multiple sources of income
- Maintain consistent deposits and avoid large, unexplained transactions
Step 4: Prepare for Additional Requests
Underwriting may request additional documentation such as:
- Gift letters (if receiving help with your down payment)
- Explanation letters for credit events or inconsistencies
- Verification of rent or mortgage history
Step 5: Stay Responsive and Communicative
- Respond promptly to your loan officer’s requests
- Sign documents electronically (if available)
- Ask questions early to avoid delays later
Pro Tip: Every borrower’s path is different, but documentation is the constant. Having your paperwork ready—even before pre-approval—can make you a stronger buyer and reduce your stress when the timeline tightens.
Ready to take the next step with confidence? Our licensed Loan Officers will guide you through the approval process—checklist in hand—and help you avoid costly surprises.
Contact our Sales team to get started today.
📞 855-LOANWORKS (855.562.6769)
✉️ Sales@LoanWorks.ai
Disclosures: LoanWorks, Inc. is a mortgage broker licensed in multiple states. All information provided on this blog is for general informational purposes only and does not constitute an offer to lend or a commitment to approve any loan. Loan terms, rates, and eligibility are subject to change without notice and may vary based on creditworthiness, property type, and other factors. Not all applicants will qualify.LoanWorks, Inc. does not guarantee approval, rate, or term and does not make any express or implied claims about the availability of specific programs or products.
By refinancing an existing loan, total finance charges may be higher over the life of the loan. Always consult with a licensed LoanWorks representative for details specific to your financial situation.
LoanWorks, Inc. | NMLS #2506079 | Consumer Access
We are an Equal Housing Opportunity Broker.
For licensing and legal disclosures, visit our Licensing Page.