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What Does Clear to Close Mean, And How Much Longer Before I’m a Homeowner?

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Two months of bank statements, if using savings. 60 days of bank statements. Bankruptcy documents. This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We The seller accepts your offer to purchase.

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21 Dos and Don’ts When Buying a Home

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You also want to check your FICO score, as this is what the majority of lenders use ; you can often get your FICO score for free if your banking institution provides it, but otherwise you might have to pay for this service. Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure.