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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. Title insurance. Title searches. Take a buyer education course. Homebuyers must also work with an approved lender for these programs. Appraisal fees.