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We help borrowers throughout Los Angeles and Southern California understand exactly what documents are needed, how lenders evaluate applications, and what to expect from pre-approval through loan closing.
Mortgage Loan Application Information
Before approving your mortgage, lenders evaluate your overall financial profile to determine the loan program that best fits your needs.
During your consultation, your loan officer will complete the Uniform Residential Loan Application (URLA) with you. This application collects information about:
- Personal information
- Employment history
- Monthly income
- Assets and savings
- Existing debts
- Credit history
- Property information
- Loan purpose
- Down payment details
Having these documents prepared before your appointment can significantly speed up your approval process.
Step 1
Check Eligibility
Step 2
Step 3
Step 4
Step 5
Documents You'll Need for Your Home Loan Application
Personal Identification
Social Security Number
Permanent residency documentation (if applicable)
Income Documentation
Bonus or commission income
Self-employed income
Rental property income
Retirement or pension income
Investment income
Employment Verification
W-2 forms
Tax returns
Employment history
Employer contact information
Financial Assets
Investment accounts
Retirement accounts
Gift funds documentation
Down payment funds
Existing Debts
Student loans
Credit cards
Personal loans
Existing mortgages
Property Information
Property address
Estimated purchase price
Insurance information (when available)
Why Accurate Information Matters
Providing complete and accurate information helps:
- Speed up underwriting
- Prevent unnecessary delays
- Improve loan approval timelines
- Reduce additional document requests
- Ensure you receive the most appropriate mortgage program
Your CRESTICO mortgage advisor will review every document with you before submitting your application.
Why Choose CRESTICO for Your Mortgage Application?
Frequently Asked Questions
How much down payment do I need?
The amount of your down payment depends on the loan program you qualify for. Some conventional loans require as little as 3% down, while qualified veterans may qualify for VA loans with no down payment. If your down payment is below 20%, you may be required to pay Private Mortgage Insurance (PMI).
You should also be prepared to provide:
- Purchase contract
- Employment history
- Income verification
- Source of down payment funds
- Credit information
- Current real estate holdings
- Application fee
Some borrowers, including self-employed applicants and real estate investors, may need additional documentation.
What are mortgage application fees?
Many lenders charge an application fee that helps cover:
- Credit reports
- Property appraisal
- Flood certification
- Administrative processing
Some lenders waive the application fee while adjusting other loan costs. Your loan officer will explain every fee before you move forward.
What disclosures will I receive after applying?
Federal law requires lenders to provide several important disclosures shortly after your mortgage application is submitted.
These typically include:
- Loan Estimate
- Estimated closing costs
- Consumer disclosures
- Loan program information
- Settlement process details
Review these documents carefully and ask your loan officer if you have any questions.