Mortgage

Applying for a Mortgage


Take a look at the information below to learn what documents or information may be needed to support your mortgage application. When you're ready to get started, we're here to help.

If you are currently employed:

  • Most recent two years of W-2 forms
  • Most recent month of pay stubs for all borrowers
  • Most recent two years of Personal Federal Income Tax Returns (all pages and schedules)
  • Copy of most recent two months of statements on all bank accounts (not needed for Burke & Herbert Bank accounts)
  • Copy of most recent statements for all assets listed on Loan Application (brokerage accounts, IRA, 401(k), other accounts)

If you are self-employed:

  • Most recent two years of Personal and Business Federal Income Tax Returns (all pages and schedules)
  • Current year-to-date profit and loss statements
  • Copy of most recent two months of statements on all bank accounts (not needed for Burke & Herbert Bank accounts)
  • Copy of most recent statements for all assets listed on Loan Application (brokerage accounts, IRA, 401(k), other accounts)
  • Copy of active business license (if applicable)

If you are retired:

  • Most recent awards letter or monthly statement for all Social Security and pension income including proof of direct deposit in most recent two months of bank statements
  • Most recent two years of 1099-R forms
  • Most recent two years of Personal Federal Income Tax Returns
  • Copy of most recent statements for all assets listed on Loan Application (brokerage accounts, IRA, 401(k), other accounts)
  • Most recent profession for retired individuals

Based on the type of mortgage loan you are interested in, you also may consider gathering the following:

For refinance loans:

  • Copy of current monthly mortgage statement
  • Copy of existing homeowners insurance policy and flood insurance and HOA statement (if applicable)
  • Copy of existing title insurance policy, or Closing Disclosure/HUD-1 from your previous settlement that shows owner’s coverage
  • Proof of HOA amounts for all condos

For purchase loans:

  • Purchase contract signed by all parties
  • Copy of earnest money check

For all loans:

  • Copy of two forms of identification (ID), one of which must be government-issued with a photo. (Note: Per Federal regulations, the Bank does not photocopy or maintain copies of Military and Armed Forces IDs)

Apply for a mortgage now

To learn more, stop by any branch or call us at 703-684-1655 and ask to speak with a Mortgage Loan Officer.

 

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