Obtaining a mortgage† in the United States is different than in Canada. Due to U.S. regulatory requirements, the mortgage application and closing process takes longer and requires more documentation than in Canada. As part of our commitment to helping you move through the process smoothly, we’ve developed this list of documents typically required to complete your mortgage application. Once you submit these documents, with your completed mortgage loan application, the loan review process begins and will likely take up to 45 days to finalize.
|The following documents are required as part of your mortgage loan package:|
|Copy of your:
|If working in the U.S., a copy of your work visa|
|If retired, verification of retirement income|
|Paystub(s) reflecting 30 days and Year-to-Date income|
|Most recent two years T4 and/or W2 forms (statement of wages paid)|
|If self-employed or own investment properties:
|For purchases under contract, a copy of the executed Purchase Contract as well as all addenda|
|Most recent 12 month mortgage payment history, mortgage and line of credit statements for all properties owned in Canada or abroad|
|Most recent insurance and property tax statements for all properties owned in Canada or abroad|
|Most recent two months statements (to include all pages even if blank) for the account types below. Statements must include your name, account number, bank name, beginning and ending balances and time period.
†All loans are subject to approval, including verification of acceptable income, creditworthiness, and property valuations. Minimum and maximum property values and maximum loan-to-value ratios apply. Homeowner’s insurance is required for all loans and flood insurance is required if property is located in a Special Flood Hazard Area.