Purchase Mortgage Checklist

Purchase Documents Checklist

Below is the list of documents you need to apply for a Purchase loan:

Purchase Checklist

Home Loan Time Frame

- Up to 4 weeks

Home Loan Closing costs.

- Closing costs range between 0 and 3 % of the loan amount

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

- Information on 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 EAD card front and back

- Disability Award Letter

- SSI Award Letters

- Pension Award and Continuance Letters