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The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

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Your tax returns for the past two years will show the lender whether your income fluctuates wildly or is steady. If you’ve recently gotten a new job with a higher salary, have a copy of your offer letter and start date from human resources (HR) to share with your lender. Bank statements. Debts and expenses.

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

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You may also find down payment and closing cost assistance from various banks and non-profit organizations. For example, Bank of America offers grant programs for first-time homebuyers that help with both down payments and non-recurring closing costs. Interested in a historic home? Take a buyer education course.