Getting your mortgage approved quickly depends largely on how well you prepare your application. Here are five essential tips to help streamline your mortgage approval process.

Mortgage application documents and calculator on desk

1. Read Instructions Carefully

Mortgage applications contain specialized terms and requirements that may be unfamiliar. Take time to:

  • Review all instructions thoroughly
  • Understand what information is needed
  • Note any special requirements
  • Ask for clarification if needed

2. Gather Required Documents

Before starting your application, collect these essential documents:

Income Documentation

  • Two most recent paystubs
  • Last two years of W2s
  • For bonuses: Year-end paystubs from past two years
  • For RSUs: Grant award letters and vesting schedules

Asset Documentation

  • Full PDF statements (not screenshots)
  • Complete account details visible
  • Two most recent monthly statements
  • Sufficient assets for down payment and closing costs

Self-Employment Documents

  • Last two years of tax returns
  • Business income documentation

Rental Income (if applicable)

  • Schedule E from last two tax returns
  • Current lease agreements
  • Recent mortgage statements
  • Insurance policies
  • Property tax statements
  • HOA documentation

3. Be Accurate and Complete

Accuracy is crucial for quick approval:

  • Enter exact figures, not estimates
  • Provide monthly amounts when requested
  • Separate different types of income
  • Include all required information
  • Double-check all entries

4. Maintain Complete Honesty

Transparency is essential:

  • Report all income accurately
  • Disclose all assets and liabilities
  • Provide supporting documentation
  • Never guess or estimate figures
  • Be prepared to explain any unusual items

5. Seek Help When Needed

Don't hesitate to ask questions:

  • Consult your loan officer
  • Request clarification on requirements
  • Ask about documentation needs
  • Verify information accuracy

Next Steps

Use our mortgage calculator to estimate your loan amount and monthly payments before applying. This will help you understand your budget and prepare the right documentation for your situation.

Remember: A well-prepared application moves through the approval process much faster than one requiring corrections or additional documentation.

Want to explore your mortgage options? Try our rate comparison tool to find the best rates.