Verifying Your Down Payment,
Closing Costs, Assets, Income and Debts

Application Checklist

Use my Application Checklist to gather the documentation requested by most lenders.

A critical step in the mortgage loan application process is to verify the sources for your down payment, closing costs and assets, as well as documenting income and debts. The lender uses this step to determine your qualifications as a borrower.

Down Payment & Closing Costs

Documenting that the down payment comes from your savings and that you will have savings and/or assets over and above the down payment gives the lender confidence in your strength as a borrower and your ability to repay the loan.

Take extra care to document the sources for any monies to be used for the down payment or closing costs.

Acceptable Down Payment & Closing Costs Sources

  • Cash in a bank account
  • Mutual funds / stocks / IRA / 401K
  • Proceeds from the sale of another property
  • Gift from an immediate relative


Collect information about your personal assets that add to your net worth and help to prove your credit worthiness.

Common Assets Considered in a Mortgage Loan Application

  • Stocks, bonds, mutual funds, 401K and retirement accounts

  • Life insurance

  • Personal property estimate - cars, boats, antiques, jewelry, etc.

  • Other real estate or property

Income and Employment

The lender will want to confirm your current gross income and have evidence of stable employment.      Documentation requirements vary depending upon a number of factors - including the source of income (hourly, salary, salary + bonuses, salary + commission, commission, self-employed, etc.).


Your lender will want to review a list of all your current debts.      This along with your credit report will provide the lender with a snapshot of your obligations.      The lender will want to confirm that you will not be overextended when the mortgage payment is added to your current debt load.

CLICK HERE for additional info on the mortgage process.

When your lender has obtained loan approval and you have closed escrow it's time to take your SOLD photo!

We will continue to promote fair competition preventing monopolies in the real estate business for the benefit of all consumers as lower commissions keeps more of homeowner's hard earned equity in their pockets.



Areas we service include:   Anatolia,    Antelope,    Arden-ArcadeCarmichael,  Citrus Heights,   El Dorado Hills,   Elk Grove,   Fair OaksFolsom,   Gateway West,   Gold River,   Granite Bay,   La Riviera,   Laguna West-Lakeside,   Lincoln,   Loomis,   Mather,     Natomas Crossing,    North Natomas,   Orangevale,   Plumas Lake,   Pocket-Greenhaven,   Rancho Cordova,   Rocklin,   Rosemont,   RosevilleSacramento,   South Natomas,     Sundance Lake,    Vineyard,    Villages of Zinfandel,    West Sacramento.

Looking to Sell

The looking to sell option below is NOT visible on Mobile devices but does function properly on Personal Computers or Laptops.   

Mobile device users can receive market comparables by simply emailing us your Name, Phone#, and Property Address.


Looking to Sell?

Are you looking to sell your house? Let us help you. Just fill out as much of the information below that you want and we'll get right back to you, with no obligation to you. We guarantee your privacy.

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