Purchase Checklist

Think you're ready to purchase a new home? Work with the best mortgage company in Fairhaven, MA with over 25 years experience writing loans. Below is our "path to home-ownership" guide and list of documents that when provided prove helpful in determining the loan products available to you. You will not required to provide any of the following items until after you have received a Loan Estimate and indicated your Intent to Proceed, however receiving them early in the process with help us more accurately qualify your loan. Once you know exactly how much you can spend, you’ll feel confident searching for your dream home.

Buy versus rent diagram
Paper output icon
Standard Loan Documents                  

o   Two year work history phone/via email. Please provide company name, address, phone, your position, and dates of employment (All employers covering the past 2 years)

o  Two years w2’s (for all jobs held)

o   One full month of pay-stubs (covering 30-day period)

o   Two months complete bank statements
-All numbered pages (even if blank)
-If printing from online make sure to print actual statements as if mailed to your home
-Must state full name, full account number, bank’s name and running balance
-Large deposits may require additional documentation or proof of where funds came from

o  Clear copy of your Drivers License

Paper checkmark icon
Additional Loan Documents                  

(“May” be needed, based on investor approval)

o  Two years complete tax returns (Personal 1040’s and Business 1120’s)-All schedule, all pages (do not need state section with “bar code” on top

o  Social Security award letter/Pension award letter (If applicable)

Divorce Decree (If Applicable)
-Child Support order, any alimony agreements and proof of payment
-Cancelled checks and additional documentation may be needed

VA Form DD-214 (Veterans Only)

Retirement Statements (All pages and must cover the last quarter or the past 2 months.  You also must provide the “Terms and Conditions” of how the funds can be withdrawn)

Proof of Gift Funds (We will provide a gift letter to be executed on the date the gift is given. You will also need a 30 day printout on the donor's account showing the funds leaving and an updated statement on your account with no gaps showing the funds cleared and ready to use)

Resident Alien/Green Card (If Applicable)

House with heart icon
Subject Property Documents                  

o   Fully executed Purchase and Sales Agreement or “Offer to Purchase”

o  Copy of initial/all deposit checks given to Realtors
(Cash deposits are NOT Allowed)

o   Homeowners Insurance yearly coverage (quote from your agent) If you need help securing a low rate insurance policy for your home, we can refer you to one of our trusted referral partners

House with hammer icon
Additional Properties Owned               

o  Current Mortgage Statement (all mortgages, all properties)

Current Insurance Policy (all mortgages, all properties)

Current Real Estate Tax Bill (all mortgages, all properties)

Copy of any Homeowners Association monthly dues