Documents You Need to Apply for a Mortgage in Manitoba

Date: July 26, 2023

If you’re thinking about applying for a mortgage in Manitoba, it’s important to know what documents you’ll need to provide to your lender. This can help streamline the application process and make things easier for both you and your lender. 

Here are some of the most common documents that you may need to provide when applying for a mortgage in Manitoba, whether at Westoba Credit Union or elsewhere. 


Proof of Income

The first document you’ll need to provide when applying for a mortgage is proof of income. This can include recent pay stubs, other proof of income such as bank statements and tax returns. Lenders want to ensure you have a steady income, have enough money saved for a downpayment, and that you’ll be able to make your mortgage payments each month. You may also be asked to provide proof of any other sources of income, such as rental income or child support. 


Employment Verification

In addition to proof of income, you’ll also need to provide proof of employment. This can include a letter from your employer or a recent pay stub. Lenders want to see that you have a stable job and that you’re not likely to lose your income any time soon. Lenders may also want to verify your employment history and status. 


Credit Report

Your credit score is an important factor in determining whether you’ll be approved for a mortgage, as well as the interest rate you’ll be offered. Your lender will be required to pull your credit report during the application process. You can obtain a free copy of your credit report from Equifax or Trans-Union Canada, the two major credit reporting agencies in Canada. Learn more about credit scores and how you can improve yours here.  


Proof of Down Payment

Your lender will require documentation showing where your down payment funds came from. This may include bank statements or investment account statements. 

Chelsey McGill, Virtual Financial Consultant at Westoba, says, “Providing proof of your down payment is a crucial and required step when applying for a mortgage. Using documents like bank statements or investment account statements, your financial institution is shown financial stability and it reassures lenders of your commitment to homeownership.” 


Property Appraisal

Before approving your mortgage, lenders may require an appraisal on the property you’re planning to purchase by a licensed appraiser. This will determine the fair market value of the property and ensure that it’s worth the amount of the loan. At financial institutions like Westoba, an appraiser can be coordinated at the time of application.  


Property Insurance

Lenders may also require proof of property insurance to protect their investment in case of damage or loss to the property. 


Other Documentation

Depending on your individual circumstances, your lender may request additional documentation. You’ll need to provide identification documents, such as a passport, driver’s license, or birth certificate. Lenders need to confirm your identity and ensure that you are who you say you are. Additional documents may also include divorce decrees, child support agreements, or bankruptcy discharge papers.  

It’s important to keep in mind that the documentation required may vary depending on the lender and the type of mortgage you’re applying for. For example, if you’re self-employed, you may need to provide additional documentation such as business financial statements. 

To make the process smoother, it’s a good idea to gather all of the necessary documentation ahead of time and keep it organized. This can help ensure that you’re able to provide the information your lender needs in a timely and efficient manner. 

Download Westoba’s What to Bring to a Mortgage Appointment Handout. 


Applying for a mortgage in Manitoba can be a complex process, but understanding the documents you’ll need to provide can help make it easier. By gathering all necessary documentation and staying organized, you can help ensure a smooth and successful application process. It may seem daunting or overwhelming, but the aim is all that work upfront will ease your buying process. If you’re unsure about which documents you need, it’s always best to consult with a mortgage professional like our Financial Consultants at Westoba. We’d be happy to guide you through the process and answer any questions you may have.  

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