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Borrow Buy Build
with Matthew Siket
TOOLS & RESOURCES

Mortgage Document Checklist

What documents are typically required for standard purchase, self-employed, construction loan and physician mortgage applications. Specific requirements vary by loan program and scenario.

Standard Purchase

  • Last 2 years W-2s and federal tax returns
  • Most recent 30 days pay stubs
  • Last 2 months bank statements (all pages)
  • Government-issued photo ID
  • Purchase contract (when available)

Self-Employed Borrowers

  • Last 2 years personal federal tax returns (all schedules)
  • Last 2 years business federal tax returns (all schedules)
  • IRS extension filing for current year (if applicable)
  • Last 2 months business and personal bank statements
  • Most recent K-1 (if applicable)

Construction Loans

  • Signed construction contract with fixed price or cost-plus breakdown
  • Builder's license and insurance certificates
  • Architectural plans and specifications
  • Lot purchase contract or deed (if land already owned)
  • Construction budget and draw schedule
  • Builder's resume or portfolio (for custom builders)

Physician Mortgage

  • Employment contract or offer letter with start date and compensation
  • Medical license or confirmation of pending licensure
  • Diploma or residency/fellowship verification
  • Last 2 months bank statements
  • Student loan documentation (IBR statement or payoff letter)

Note: This list covers typical documentation. Specific requirements vary by loan program, property type, credit profile and lender. Sensitive financial documents — tax returns, bank statements, pay stubs — should be submitted through Liberty Federal Credit Union's secure application portal, not via email or web form.

Not Sure What You Need?

A planning review identifies exactly what documentation is needed for your specific loan type and scenario before you start gathering.

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