Do I have to list all asset when applying for Mortgage Loan?

[joestay]

Hi,  

I have my down payment, closing costs, and 1 year of reserves in one bank account.  The money has been seasoned.  I also have other accounts and assets, such as IRA, but I don't want to list this on the application.  Is it required that I have to list these assets?  I'm not going to use any money from my other accounts or assets to use for my mortgage, only the one account that I want to list.

[JM-AM]

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@joestay wrote:

Hi,  

I have my down payment, closing costs, and 1 year of reserves in one bank account.  The money has been seasoned.  I also have other accounts and assets, such as IRA, but I don't want to list this on the application.  Is it required that I have to list these assets?  I'm not going to use any money from my other accounts or assets to use for my mortgage, only the one account that I want to list.

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No you do not have to list all your assets unless you need additional assets to qualify.