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Prepare for a Smooth Application
Mortgage Documents Needed
Required Mortgage Documents
Before you apply for a mortgage with Pacific Union Bancorp, we need to verify certain aspects of your financial background and identity. Please ensure that you have the following documents ready to submit as part of the mortgage application process.
We understand that applying for a mortgage can feel overwhelming, especially for first-time homebuyers. However, by gathering the necessary documents ahead of time, you can help make the process smoother and faster, giving you peace of mind as you take this important step toward homeownership. Our team is here to guide you every step of the way, ensuring you feel confident and supported throughout the journey.
Taking the time to prepare your documents in advance will also help you avoid unnecessary delays, making the approval process quicker. If you have any questions or need assistance with gathering the required paperwork, don’t hesitate to reach out—we’re here to help!
Here’s a list of the essential documents you’ll typically need for your mortgage application. Don’t feel overwhelmed; many of these documents are likely already at your fingertips
Personal Identification:
Social Security Number (SSN) or Taxpayer ID (ITIN) for all borrowers
Photo ID (Driver's License, Passport, etc.)
Income Verification:
Most recent pay stubs (covering at least 30 days)
W-2 forms for the last two years (or 1099s or K-1s if self-employed)
Federal Tax Returns (last two years), including all schedules and pages
Year-to-date profit and loss statements if self-employed
Financial Statements:
Bank statements (Checking, Savings, IRA, 401K, etc.) for the last 2-3 months
Credit card statements and other consumer debt statements (car loans, student loans, etc.)
Property Information:
Signed purchase agreement (if purchasing)
Details of any current mortgages or home equity loans (if refinancing or purchasing another property)
Other Documents:
Bankruptcy paperwork (if applicable)
Landlord’s contact information (if renting)
Social Security or pension award letter (if applicable)
Gift letter if you're receiving money for down payment or closing costs
Explanations for any discrepancies on your credit report (e.g., late payments or collections)ey for down payment or closing costs
Why These Documents Matter
Each document helps us understand your financial situation and determine the best loan options for you.
Income documents
Help us assess your ability to repay the loan.
Credit history
Provides insight into your financial reliability.
Identification
Ensures that we are working with the correct person .
How We Protect Your Information
Your privacy and security are our top priority. We understand that when it comes to financial transactions and personal information, trust is paramount.
Encryption Technology
Secure Document Portals
Compliance with Regulations
Regular Security Audits
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