Below is the list of documents you need to apply for Purchase loan:
Home Loan Timeframe.
- Up to 4 weeks
Home Loan Closing Costs and Pre-Paids
- Closing costs and Pre-paids range between 1 and 2 % of loan amount
- On a purchase, we cannot roll these into the loan
Documents (typically) needed for Purchase Loan.
- W-2's for the previous 2 years
- Paystubs covering 30 days period
- 2 most recent bank statements on accounts that hold funds to be used in the transaction
+ Self Employed Borrowers only:
- Business and Personal tax returns for the previous 2 years
+ If Applicable: Lets discuss first...
- 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
