First Time Home Buyer Advice | What I’ve learned so far

Buying a home comes with a lot of paper work and information. These are the things I know and have learned , hopefully it helps a little as first time home buyer.

Things you’ll need for your FHA Loan or Bond money :

-Income documentation: Last two years W-2s or 1099s, retirement or Social Security award letter

-Most recent pay-stub

-Assets; 401k, savings and bank statements, etc. for last three months or two quarters

-Liabilities; car payments, student loans, credit card bills, child support and installment loans.

-‘Satisfaction of lien’ documentation for past judgments or liens.
Divorce papers, if applicable

-Verification of child support, in-coming or out-going

-Application fee, which varies from to 0-plus

-Valid Social Security number

Leave a Reply

Your email address will not be published. Required fields are marked *