Loan Application Documentation Checklist

When you are ready to apply for a home loan, there will be a number of items that the lender will ask you for, in order to determine how much you can borrow and assess your ability to make mortgage repayments.

It is a good idea to use our home loan documents checklist and have the following paperwork ready:


Proof of identity (you will need at least one form of photo ID)
Driver’s licence
Proof of age card/Australian tertiary institution card, Department of Defence ID, Waterways/Boat licence
(If you only have one form of photo ID, you will also need to supply secondary identification)
Birth certificate (required if you will be applying for the FHOG)
Citizenship certificate
Centrelink pension card
Medicare card
Current/recent rates or utilities bill
Tax assessment notice (most recent)
Income Two latest payslips or a letter from employer stating length of employment (if still on probation), gross and net income, regular overtime and allowances.
If self employed, you will need your income tax returns from the last two financial years, and your most recent Assessment Notice. Some lenders may require profit and loss statements certified by a registered accountant.
Confirmation of any Centrelink payments you receive (eg. Family Benefits).
Details of any other income, bonuses, allowances or benefits.
If buying an investment property, you will need to supply either a copy of the lease agreement with the current tenant, or a letter from your property manager confirming estimated rental income.
Confirmation of net rental income received from any other investment properties.
Expenses Details of your rent/board payments
Council and water rates
Electricity and gas bills
Details of any extraordinary expenses (eg. private school fees or maintenance/child support payments).
Assets Bank statements showing history of savings (usually 3 months).
If using the settlement from another property as your deposit, you will need a letter from your solicitor confirming the net settlement amount.
Should your deposit/part thereof, be a gift you will need a statutory declaration showing how much of the deposit is a gift and that the amount does not need to be repaid. Some lenders may need proof that the gift has been in your savings account for a 3 month period.
Details of assets including superannuation and any shares held.
If other investment properties are owned, you will need to provide copies of the rates notices on each property.
Confirmation of other assets (eg. insurance statements which include sum insured for your motor vehicle assets and your home contents value).
Liabilities If you have a current mortgage, you will need to provide a minimum of 3 months loan statements.
You will need to provide the most up to date statements for your car or personal loans and credit card/s or store cards.
Other If you have already identified the property you will need to supply:
Copy of the contract
Copy of the certificate of title
Copy of transfer of land
If you are a builder, your broker will also need to see a copy of council approved plans, the building specifications and your fixed price contract (construction/renovations) from your builder.
If you are refinancing, your broker will also need to see:
The loan statements on the property you are refinancing
Details of the home to be refinanced (eg. number of bedrooms, bathrooms, garages and other inclusions)

Need More Information: Call us on 133 144 or Enquire Online.

Why do I need a home loan checklist?

There is a lot to remember when you’re applying for a home loan, especially if you’re doing it for the first time. Not only is there the stress of undertaking what is probably the most significant purchase you have ever made, but there’s always concern about affording repayments, and setting a budget to save for a deposit. While our budget calculator can help you on that front, another of our resources can help you keep track of all the other decisions you have to make, and the documents you need. Our home loan documentation checklist can be very valuable when you are applying for a loan. At Mortgage House we focus on providing on-going support throughout the life of your loan, and that includes before you have even applied for one. We want to ensure a seamless process for all our customers, and a key part of that is providing you with all the tools we can. Our home loan documentation checklist will help you get ready for your application. There will be many items a lender will ask you for, to work out how much you can borrow and assess your ability to make mortgage repayments. As you can see from above, they include things such as ID, proof of income, a list of your expenses, and any assets or liabilities you have. If you already own property, then make sure you have all the associated ownership paperwork, and if you are refinancing, ensure you have the loan statements on the property you are refinancing, and the details of the home you want to be refinanced. Print out the checklist above, and if you have any questions about any of the documents, get in contact with our expert lenders, and they can answer them.

What if I don’t have access to all the documents for a home loan application?

Once you have the information ready and have looked at our range of mortgages, you are ready to get down to the nitty-gritty of lodging a home loan application with Mortgage House. But what if you don’t have the full financial documentation? As a business owner, a contractor, a freelancer, or someone who is self-employed, you may not be able to supply a bank or lender with the information they require, especially when it comes to proof of income. You may need to consider a low documentation loan, which can still be a suitable option for your property goals. As our documentation checklist points out, you can use your tax returns for the past two financial years, as well as your most recent Assessment Notice. You can self-certify your income, and some lenders may require profit and loss statements that have been certified by an accountant.

What if I need more information before I make my mortgage application?

If you have more questions about your mortgage application, Mortgage House has a few other resources that can help you out. One of them is our Frequently Asked Questions page. These questions are tailored to what you want to know, not what we think you should know. Putting our customers first is a key focus of ours, and one that flows through our entire business. Our FAQs are divided into handy sections, again, based on what our customers have asked us in the past. Our News and Media section is a fantastic resource, covering all aspects of mortgages and finance. Filter by topic to narrow down your search, or just search for a keyword and find the right response. Our Mortgage Glossary is another vital resource, especially if you are buying a home for the first time. There can be a lot of jargon and a lot of specialised language around finance, and mortgages in particular. Going into an application process armed with this kind of knowledge can give you a great head start. A lot of Mortgage House customers choose us because our expert lenders are approachable, and will help get you from where you currently are to where you want to be, without all the jargon. So you can feel comfortable speaking to our lending specialists at any stage throughout your loan application process, including beforehand. You can give us a call, or line up a time that best suits and we can contact you. You can even book a time online, so you can talk to us wherever you are.

What other checklist options do you have?

No matter what kind of mortgage you are after, or what you want to use your mortgage for, we can help you out with a range of checklists and tips. If you’re buying your first or subsequent home, looking to build a home or invest, or renovate or refinance, we have resources that can help. Even if you’re moving home, or just want general mortgage information, we are here to help you.