Posted on: 01st Dec, 2013 11:53 pm
What things are required when buying a home for the first time?
Get in touch with a Realtor who will assist you with your needs regarding home purchase. You should make sure that you have a good income, stable employment and excellent credit scores.
Hi Guest!
Welcome to the forums!
You should also arrange for 20% down payment in order to get the loan. This is very important. If you do not have that amount of down payment, you will have to go for a private mortgage insurance.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
You should also arrange for 20% down payment in order to get the loan. This is very important. If you do not have that amount of down payment, you will have to go for a private mortgage insurance.
Feel free to ask if you've further queries.
Sussane
You should gather the following docs:
2 years of 1040's all schedules
2 years of W2's for all jobs
2 month of bank statements all pages
Last 2 paystubs
Any divorce decrees
Any BK paperwork with letter of discharge
If you are ex military you will need you COE
If you have any further questions, we will be happy to walk you through the mortgage process and get you prequalified.
2 years of 1040's all schedules
2 years of W2's for all jobs
2 month of bank statements all pages
Last 2 paystubs
Any divorce decrees
Any BK paperwork with letter of discharge
If you are ex military you will need you COE
If you have any further questions, we will be happy to walk you through the mortgage process and get you prequalified.
A credit score above 730 is also needed to get a mortgage loan.
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