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Conditions for Mortgage Approval

Conditions for Mortgage Approval

Meeting with a loan officer for the first time can be a quick and painless experience if you are prepared.

The following is a list of the general borrower information and conditions that need to be presented at the time of the initial mortgage application process for a full approval:

Personal Information

  1. Full Name
  2. Date of Birth
  3. Social Security Number
  4. 2 Yrs Residence History – monthly payment, rent or own, payment method
  5. List of all Real Estate Owned – values, balances, monthly payments, taxes, and insurance
  6. 2 Yrs Employment History – job title, yrs in industry, income / structure, contact information

Subject Property Information

  1. Type of property purchasing – Condo, Single Family Residence, Las Vegas High Rise, New Construction, Re-sell
  2. Residence Status – Primary, Second Home, Investment Property
  3. Budgeted Down Payment
  4. Budgeted Monthly Payment
  5. Desired Program Type – Fixed, ARM, Negative Amortization, Reverse Mortgage
  6. Names to be listed or left off of title
  7. Estimated time in property
  8. Goals with property


  1. Most recent 2 pay stubs
  2. Most recent 2 Yrs. W2’s
  3. Most recent 2 Yrs. Tax Returns
  4. Most recent 2 Bank Statements, 401k, Mutual Fund, or other Investment Accounts

The application process is a time where your loan officer can help you structure the best mortgage plan of action that will fit with your long and short term financial goals.

About the Author

Tony Sena is broker/owner of Shelter Realty in Las Vegas Nevada. For more than a decade Tony and his partners have provided residential real estate and property management services to sellers, buyers, investors, and property owners in the Las Vegas Valley. A Las Vegas native and former police officer for the City of Henderson, Tony brings to the table a unique local perspective that continues to serve his clients well.