Home Loan Purchase Checklist

Home Loan Purchase Checklist

Home Purchase Checklist

If you are ready to pursue a home loan through First Bank Mortgage, here is a quick list of items we will ask of you when we begin the loan approval process.  

  • Personal check to pay for appraisal and credit report
  • Name and address of all employers for the last 2 years including dates of employment and the human resource office phone number
  • Account numbers, balances and monthly payments for all outstanding creditors.  Common examples might be a credit card, car loan or a student loan.
  • Your previous addresses for the past 2 years (if applicable)
  • Photo identification (a federal financial institution requirement for any individual who opens an account)
  • W-2 forms - prior two years
  • Paycheck stubs covering your most recent 30 days of employment
  • Bank statements - prior two months. Must include the financial institution name, address, specific account numbers and your account balance amounts.
  • Asset account statements.  Common examples include any type of IRA, 401K, mutual funds and stock investments.
  • Copy of complete divorce decree (if applicable)
  • Tax returns for the past two years.  We will need to see all schedules for self-employed individuals with 25% or more ownership.
  • Copy of the listing, purchase agreement, or closing statement for your present home that is for sale or already sold.
  • Bankruptcy and discharge papers (if applicable)
  • Purchase agreement and all addendum signed by the buyer and seller if you are purchasing a home
  • Realtor information - we will need the realtor name and their primary contact information
  • Property information listing sheet or computer print-out indicating lot size, taxes, square footage and year built
  • Seller’s disclosure for home you are buying (Applies for VA & FHA Loans)
  • Certificate of eligibility (Applies for a VA Loan)
  • Copy of Warranty Deed (If subject property is owned free and clear)
  • Phone number and address of your licensed builder, blueprint plans, legal description of lot, build specifications and a copy of the contract (New Home Construction Only)