After you and the seller have finalized your offer, you apply for your home loan. As part of your application, you submit a copy of the Purchase & Sale agreement, signed by both you and the seller. Whether you're filling out forms online, over the phone or on paper, you'll need to have appropriate documents showing your employment and credit history, as well as financial status. All parties listed on the mortgage, such as a spouse co‑borrower, are expected to provide:

  • Two years of W‑2 forms
  • Two most recent pay stubs
  • Financial account statements, including investments (for the last 2 months, all pages)
  • Signed complete personal and business tax returns with relevant schedules
  • Most recent quarterly or year‑to‑date profit/loss statement for self‑employment
  • Your signed purchase and sales agreement

The lender will run your credit report and score, look at your total debt, down payment amount, the last few years of your residential history, or may ask for other documentation.