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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. Debts and expenses. Unemployment paperwork.

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

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And, as with any mortgage or loan, buyers will be evaluated for their debt-to-income ratio (DTI), credit score, and other qualifications to take on the loan. Consider asking your HR department, looking at local banks, searching online, or reaching out to your local government. Take a buyer education course.