First Equity Mortgage

Questions? (763) 251-8000    Login to My Portal    Contact us

Purchase Documents Checklist

Purchase Checklist

Home Loan Timeframe.
– Up to 4 weeks

Home Loan Closing costs.
– Closing costs range between 0 and 3 % of loan amount


Below is the list of documents you may need to apply for  a Purchase loan:

Documents needed for Purchase Loan.

– Purchase Agreement Earnest Money Deposit Receipt
– W-2 for the previous 2 years
– Paystubs covering 30 days period
– 3 most recent bank statements on all depository accounts
– Homeowners’ insurance information (agent’s name and phone number or Insurance Declarations page)
– Personal tax returns for the previous 2 years
– Landlord information of all residences within the past 2 years

+ Self Employed Borrowers only:

– Business tax returns for the previous 2 years
– Business Licenses covering a 2 year period
– Year-to-date profit and loss statement (P&L)

+ If Applicable:

– 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

Find out how much you can afford.

Get familiar with the loan process.

Get pre-approved for a mortgage.