Loan Document Requirements for a Home Loan in Arizona

What are the Document requirements for a Home Loan aka Home Mortgage?

Hello, Dennis here, have you ever wondered what are the loan documents you need for a home mortgage are?  Well, if you are applying for a new home mortgage today, most likely it is going to be a full documentation loan also called a  ‘full doc’ loan. This means that all of the documents for this loan must be submitted to the lender when they evaluate the loan. Since the lender is responsible to verify your qualifications, they need to make sure that you can indeed qualify for the loan. Lenders verify this by looking at the documents you submit so they can verify the accuracy of the information. 

Some borrowers in the past have faked this information, so it is up to the lender to make sure you qualify for the loan. The lender will compare your income and all of your expenses and see if you fit in the qualified range.  In the past the lender would ‘take your word on it’, but unfortunately, that is no longer an option. Now full documentation needs to be provided to the lender. For this ‘full doc’ loan, you must give your lender at least two years of income tax returns. 

They assume that you would not lie to the IRS and the information is accurate, but eventually down the road the lender will ask the IRS to provide a certified copy of the same tax returns and compare them to the ones you submitted.  No cheating here! Next the lender wants to see bank statements.  Usually one to two years is required. The lenders use the bank statement to compare with the next set of documents needed: paycheck stubs and w2’s.  The lender wants to see that the paychecks are being deposited in the bank. The lenders require this information because they are the hook if you default on the loan.  They need to make sure you can qualify for the loan and meet the guidelines set by --- you know who the federal government. So be patient, and get ready to start gathering the information when you apply for a home mortgage. Without this ‘full doc’ of information you will have a hard time getting that home mortgage you need. If you are looking for a home loan on real estate, see us at




Dennis Dahlberg Broker
/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120