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Required Documentation for a Pre-Approval in Saskatchewan

General Jade Regier 12 Jan

Documents You’ll Need for a Mortgage Pre-Approval in Saskatchewan – by Mortgages With Jade 

Whether you’re a first time homebuyer in Saskatchewan or you’ve owned a home before, getting a mortgage pre-approval is one of the best first steps you can take. A pre-approval helps you understand what you need for pre-approval, how much you’re comfortable spending, and what your mortgage options actually look like…before you fall in love with a house.

I get asked all the time about pre-approval requirements in Saskatchewan, so below is a clear, no-jargon breakdown of the documents typically needed for a pre-approval Saskatchewan lenders will accept – and why each one matters.

1. Proof of Identification

What you’ll need:

  • One or two pieces of valid government-issued ID (driver’s licence, passport, or permanent resident card)

Why it’s needed:

This one’s straightforward. Lenders need to confirm who you are for regulatory reasons and to make sure the mortgage is being set up correctly from the start.

2. Proof of Income

The exact documents here depend on how you earn your income.

If you’re employed (salary or hourly):

  • Recent pay stubs (usually your last 2–3)

  • A letter of employment confirming your role, income, and how long you’ve been with your employer

Why it’s needed:

This shows the lender that your income is reliable and ongoing, which is a key part of meeting pre-approval requirements.

If you’re self-employed:

  • Your last 2 years of personal tax returns (T1 Generals)

  • Notices of Assessment (NOAs)

  • In some cases, basic business financials

Why it’s needed:

Self-employed income can vary year to year, so lenders look at a longer history to get a clear, realistic picture.

3. Proof of Down Payment

What you’ll need:

  • Recent bank or investment statements (typically showing the last 90 days)

  • A signed gift letter if part of the down payment is coming from immediate family

    • I can provide you with a template for this with the exact required wording most underwriters are looking for. Then you have whomever is gifting you the funds for your down payment revise and sign it.

Why it’s needed:

Lenders must verify that your down payment is your own money (or an eligible gift) and not borrowed. Where the funds come from is just as important as how much you have.

4. Credit Information

What you’ll need:

  • Your consent to run a credit check (no paperwork required from you)

Why it’s needed:

Your credit history helps determine your interest rate and mortgage options. It shows how you’ve handled debt in the past, not just what you earn today.

5. Current Debt Details

What you’ll need:

  • Details on any existing debts like car loans, student loans, lines of credit, or credit cards

Why it’s needed:

Pre-approval isn’t just about income. Lenders look at your full financial picture to make sure your future mortgage payment fits comfortably with everything else.

 

6. Proof of Residency or Status (If Applicable)

What you’ll need:

  • Permanent resident card or valid work permit, if you’re not a Canadian citizen

Why it’s needed:

Your residency status can affect which lenders and mortgage programs are available when applying for a pre-approval in Saskatchewan.

7. Separation or Divorce Documents (If Applicable)

What you’ll need:

  • Separation agreement or divorce decree

  • Details of any child or spousal support payments

Why it’s needed:

These documents help clarify ongoing financial obligations so there are no surprises during the pre-approval process.

A Few Helpful Things to Know

  • You don’t need everything perfectly organized before reaching out. I can help you figure out exactly what applies to your situation.

  • A pre-approval is not a final approval. Final approval happens once you’ve found a home and have an accepted offer.

  • Even if you’ve owned before, pre-approval requirements change, and each application is reviewed fresh.

Final Thoughts

A mortgage pre-approval is really about clarity. It helps you shop with confidence, avoid overextending yourself, and make informed decisions,  whether you’re a first time homebuyer in Saskatchewan or a seasoned one.

If you’re unsure what you need for pre-approval, or you just want a second opinion before moving forward, a quick conversation can make the whole process feel a lot easier.

Clear answers. No pressure. Just good information.