Paperwork Needed for Purchase in Houston, TX

Essential Paperwork for Your Home Purchase IN Houston, TX area

Personal Information:

• Identification: Valid government-issued ID (e.g., driver's license, passport).

• Social Security Number: Required for credit checks and loan processing.

• Proof of Residence: Current address details.

Financial Documentation:

• Income Verification: Pay stubs, W-2 forms, or tax returns for the past two years.

• Employment Verification: Contact details of your employer or proof of self-employment.

• Bank Statements: Recent statements for checking, savings, and investment accounts.

• Credit History: Authorization for the lender to access your credit report.

Property Details:

• Purchase Agreement: Signed contract between buyer and seller outlining terms and conditions.

• Property Information: Details about the property being purchased.

• Appraisal Report: Assessment of the property's value.

Loan Application:

• Loan Application Form: Completed loan application provided by your mortgage lender.

• Mortgage Disclosures: Various disclosures outlining loan terms and conditions.

Additional Documents:

• Gift Letters: If receiving financial assistance from family or friends for the down payment.

• Explanation Letters: If there are any gaps or discrepancies in your employment, income, or credit history.

• Divorce Decree or Child Support Documents: If applicable.

• Additional Assets or Liabilities: Documentation for any other properties owned, outstanding loans, or significant assets.

Closing Documents:

• Closing Disclosure (CD): Outlines final loan terms, closing costs, and details about the transaction.

• Title Insurance: Protects against any title defects.

• Homeowner's Insurance: Proof of insurance coverage for the property.

• Property Deed: Legal document transferring ownership.

Simplifying Your Home Purchase Journey

At Houston Mortgages, we understand the complexities of the paperwork involved in purchasing a home. Our team is here to guide you through every step of the process, ensuring a smooth and transparent experience.

Ready to begin your home purchase journey? Contact us today to get personalized guidance on the necessary paperwork and streamline your path to homeownership in the vibrant Houston, TX area.

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