>> Purchase Checklist
Purchase. Documents, Timeframe and Fees.
Home Loan Timeframe.
· Up to 4 weeks
Home Loan Closing costs.
· Closing costs range between 0 and 3 % of loan amount · No cost option is available.
Documents needed for Purchase Loan.
· Purchase Agreement Earnest Money Deposit Receipt · W-2 for the previous 2 years · Paystubs covering 30 days period · 3 most recent bank statements on all depository accounts · Homeowners' insurance information (agent's name and phone number or Insurance Declarations page) · Personal tax returns for the previous 2 years · Landlord information of all residences within the past 2 years
+ Self Employed Borrowers only:
· Business tax returns for the previous 2 years · Business Licenses covering a 2 year period · Year-to-date profit and loss statement (P&L)
+ If Applicable:
· Final divorce decree · Proof of child support receipt and continuance · Full bankruptcy filing · Bankruptcy discharge · Copy of a Green Card · Copy of SSN card · Disability Award Letter · SSI Award Letters · Pension Award and Continuance Letters
|