Paperwork Needed for Purchase in Highland Village, TX

Necessary Paperwork for Your Highland Village Home Purchase

Personal Information

• Identification: Copies of government-issued IDs for all applicants.

• Social Security Numbers: Ensure all applicants provide their SSNs.

• Proof of Residency: Current utility bills or driver's licenses to verify residence.

Financial Documents

• Income Verification:

  • Employment Verification: Pay stubs covering the last two months.

  • Tax Returns: Typically, the last two years of tax returns.

  • Additional Income: Documentation for any additional income sources (alimony, investments, etc.).

• Assets:

  • Bank Statements: For checking, savings, and investment accounts for the last few months.

  • Retirement Accounts: Statements for any retirement funds or 401(k)s.

Credit Information

• Credit Report: Lenders will typically access this, but reviewing your report beforehand is beneficial to catch any discrepancies.

• Explanation Letters: If there are any significant credit issues, providing explanation letters can be helpful.

Property Information

• Purchase Agreement: A copy of the signed purchase agreement for the property.

• Property Details: Any additional information about the property, such as appraisals, inspections, or insurance.

Additional Documentation

• Gift Letters: If you're receiving any funds as a gift for the down payment, a gift letter confirming it's not a loan is necessary.

• Divorce Decrees or Child Support Orders: If applicable, documentation showing these financial responsibilities.

Additional Requirements (Based on Loan Type)

Depending on the type of loan chosen, there might be additional paperwork required. For example:

• VA Loans: Certificate of Eligibility (COE) from the VA.

• FHA Loans: Specific documents related to the property and appraisal guidelines.

• Investment Property Loans: Additional financial documentation, especially related to existing properties or rental income.

Simplifying the Process

At Highland Village Mortgages, our team is dedicated to making the paperwork process as smooth as possible. We guide you through each step, ensuring you understand what's needed and making the entire documentation process manageable.

Contact Highland Village Mortgages today for personalized guidance on gathering the necessary paperwork for your Highland Village home purchase. Our experts are here to streamline the paperwork and make your homeownership journey hassle-free.

Disclaimer: loan terms and requirements can vary. We recommend discussing your specific situation with our experts for personalized guidance.