List of Key Documents to have with you when Buying or Selling a Home | Mortgage Financing Milwaukee, Madison Apply Now

  • News List of Key Documents to have with you when Buying or Selling a Home

loan-mortgage-loans-low-rate-low-fee Loans Madison WI St Louis MO Denver CO Hannibal MO Online Loan Applications

Home » News » Home Buyers  » Key Documents to have with you when Buying or Selling a Home | ‪(970) 585-4546 | APPLY NOW

| Refinance | | Tools | | Contact | Mortgage Loans Denver CO  | Mortgage Loan Madison WI  | Mortgage Loans MO

 Apply Now              Loan Officers               | Buy a Home              Refinance 

List of Key Documents to have with you when Buying or Selling a Home

Home Buyers  \  February 19, 2016 10:00 am

Oh the joys of paperwork! When it comes to buying or a selling a home, paperwork one of those unavoidable tasks that plague both buyers and sellers. Today we are going to go through the list of those required documents that you may be asked for when buying or selling a home.

Keep in mind, these are just some of the most common docs requested. Different states may require additional state-specific certification letters in areas prone to disasters like hurricanes and the like. Additionally, VA loans require different sets of documents so while this list will prepare buyers/sellers for the most commonly requested docs, your individual situation may dictate the precise list.  If you’re not sure, just talk to your real estate agent or lender about any unknowns.

W2s and 1099s 
Typically two years are required.

Recent paychecks 
Recent paycheck stubs show proof of employment.

Gift letter 
If you receive an inheritance or your family is gifting you money for a downpayment a gift letter made out to your mortgage company may be required. This letter simply states the money given to you was a gift, not a loan.

Proof of any debts 
Student loan statements, credit card statements, child support agreements and the like.

Bank statements 
Required per the USA Patriot Act

mortgage-approved-thompson-kaneRecords of additional assets 
Mutual fund statements or record of other property you may own.

Copy of your driver’s license 
This applies for both buyers and sellers.

Copy of pre-approval letter 
The pre-approval letter provides proof of one’s “buying power”.

Purchase & sale (P&S) agreement 
This is the big contract, make sure you have your legal advisor look it over before you sign and always keep a copy.

This is any changes that are made to the contract after signing. An example is if the seller agrees to do certain repairs. Make sure you have a written copy of all amendments.

Proof of insurance 
Some lenders require proof of home insurance, even possibly flood or hazard insurance from the buyer. Bring you policies with you!

Mortgage-calculatoCertification letters 
This includes clean inspection letters (example: termite letters).

Proof of payoffs 
If any outstanding debts tied to the home equity loan exist, the seller must take care of these and provide proof before the home can sell.

Lead paint letter 
If the home was built before 1978, it’s federal law that a lead paint disclosure be given to the buyer.

Condo association docs 
Basically this details the condo association agreement and any dues outstanding or proof that they were paid.

Property survey 
Even if the lender requires a new property survey be done it’s always handy to keep these documents close by.

Property tax receipts 
Sellers should keep copies of any property taxes paid, especially if paid in the weeks prior to selling the home.

Power of attorney 
For sellers who are not going to be physically present at close, a power of attorney is required for anyone negotiating on behalf of the seller.

If you have any questions about what documents you need to have on hand, just contact us  here at Lendem Financial & Co  We’re here to help!

purchase-a-new-home-get-approved-home-buying-couples Missouri Wisconsin Illinois Missouri ColoradoMortgage Lending Real Estate Knowledge Base

Questions about buying or selling your existing home? 

Categories:  All  | Choose a REALTOR  | Working with a REALTOR  | Buying  | Selling  Financial  | Homeowners  

 «  1 | 2 | 3 | 4 | 5   » 

Mortgage and Real Estate News Categories

Home Buyers |  | Market Conditions |  |  | Mortgages |  |  | Purchase |  |  | Realtor Information |  |  | Refinance

Home Real Estate & Financing Archive

August 2013 | September 2013 | October 2013 | November 2013 | December 2013 | January 2014 | February 2014 | July 2014 | August 2014 | September 2014 | October 2014 | November 2014 | December 2014 | January 2015 | February 2015 | March 2015 | April 3015 | May 2015 | June 2015 | July 2015 | August 2015 | September 2015 | October 2015 | November 2015 | December 2015 | January 2016 | February 2016 | March 2016 


About Lendem Financial

Company | Senior Loan Originators

Home Purchase Loans in Madison and Milwaukee WI 


Mortgage Loans Springfield, Hannibal, St. Louis, MO

Purchase Real Estate Loans Denver, Boulder, CO

Google Maps: Mortgage Loans Madison WI | O'Fallon MO | Denver CO

Facebook: Mortgage Wisconsin | Mortgage Missouri | Mortgage Colorado

Apply Now              Buy a Home              Refinance

  ‪(970) 585-4546

Mortgage Loans Colorado Madison WI, Denver CO, St Louis MO | ‪(970) 585-4546 | Armenia WI, Baraboo WI, Beaver Dam WI, Beloit WI, Brooklyn WI, Columbus WI, Deforest WI, Dell Prairie WI, Dodgeville WI, Edgerton WI, Fitchburg WI, Fort Atkinson WI, Germantown WI, Green Bay WI, Green Lake WI, Janesville WI, Lacrosse WI, La Valle WI, Lake Delton WI, Lake Mills WI, Lodi WI, Madison WI, Mauston WI, Mazomanie WI, Merrimac WI, Middleton WI, Milton WI, Milwaukee WI Monroe WI, Montello WI, Mount Horeb WI, Necedah WI, Oregon WI, Platteville WI, Portage WI, Prairie Du Chien WI, Princeton WI, Reedsburg WI, Ripon WI, Rome WI, Spring Green WI, Stoughton WI, Sun Prairie WI, Tomah WI, Verona WI, Watertown WI, Waunakee WI, Windsor WI 

Questions about Lendem Financial mortgage loan options? Why you should think about using a mortgage broker vs a bank? Using a Mortgage Loan Officer that has access to all sources of lending institutiuons helps people get the best loan for their situation and offers all options on the market vs the programs at one bank. Call Todd Rubick of Lendem Financial and tell him why the bank said no... If your tax returns do not show your true income, or credit is less than perfect... Full service all source lending strategies will be offered for those that need them.