Mortgages - Information Required

Mortgage Application Checklist

(Download this checklist in PDF format)

This checklist is to assist you in assembling the information needed to process your mortgage loan application. Completed information will help Macatawa Bank process and close your application in the shortest time possible.

Basic information needed at time of application:

  • W-2s, 1099s or Social Security Award letters from last year
  • Most recent paycheck stub showing year-to-date income
  • Addresses for the last two years
  • U.S. tax returns, including all schedules for the last year if you are self-employed or have commission income
  • Names and address for all employers for the last two years
  • Names, addresses, account numbers, payment amounts, balances for all mortgage loans, installment loans and credit cards
  • Most recent two months statements for all savings, checking, certificates and other investments
  • Copy of divorce judgment
  • If chosing to use child support, maintenance, or alimony for qualification, have copies of the last 12 months payment history (Alimony, child support or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation)
  • Verification of Social Security Disability payments and pensions (or if applicable, award letter or deposit statement showing recurring deposit for the last two months)

If you are self-employed:

  • Copies of signed federal business income tax returns for the last two years, including all schedules if the business is a corporation, an "S" corporation, or a partnership
  • A business balance sheet for the previous year and year-to-date may be required
  • A year-to-date profit and loss statement may also be required

If you are purchasing a home:

  • A signed purchase agreement
  • The Realtor's listing sheet on the home
  • Written estimates from contractors for home improvements if included in the loan request

New construction:

  • Signed contracts(s) with contractor(s) for all labor and material to complete the home
  • House plans showing elevation and floor plans
  • Construction specifications and allowances
  • Purchase agreement for lot, if applicable
  • Copy of current title policy if you already own the lot
  • Lot size

Refinancing:

  • Copy of current title policy
  • Name of current mortgage service company along with account number and customer service phone number
  • Annual real estate taxes
  • Copy of current homeowners insurance policy

Additional information may be requested to complete your loan request.

Check our list of Mortgage Contacts or call (877) 852-4765 for the lender nearest you.