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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

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If you operate your own business (or collect multiple 1099 forms), then you may be asked to provide a profit-and-loss statement for the previous year as part of your proof of income. Your tax returns for the past two years will show the lender whether your income fluctuates wildly or is steady. Identification. 1099 forms.

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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

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Buyers should also take note of real estate taxes in the area as they search. The state has much to offer prospective homebuyers, whether you are looking for a home with property or want to settle down in the city. But buying a home can feel daunting and unachievable, especially if you are looking to purchase your first home.