Required Documents for a Bank Mortgage Application
When applying for a loan from the bank, they must conduct certain checks to ensure they can lend you money while verifying that you are not already over-indebted. For this, you must comply with the following rules:
- The debt-to-income ratio must not exceed 33% of your net income.
- A minimum down payment of 10% of the property price is required.
- A stable professional situation is preferred, ideally a permanent employment contract (CDI).
- It is essential to maintain a healthy financial history: avoid taking too many consumer loans, excessive gambling, and accumulating unpaid debts.
For this purpose, the bank will ask you for several official documents, here they are:
Identity
- Identity card
- A proof of address
Professional Situation
- An employment contract
- The last 3 pay slips
- The December pay slip from the previous year
- The last 2 tax returns
- Proof of bonuses
Existing Assets
- Recent savings account statements
- A statement of your employee savings
- The last 3 statements from all current accounts
If you own other real estate properties, the bank may request:
- The property tax for your primary residence
- The amortization schedule of all current loans (real estate and consumer)
- A rental value assessment of your properties (to be obtained from a real estate agent)
At the end…
- The signed purchase agreement for the property for which you wish to take out a loan