Purchase paperwork needed

A) Purchase contract and disclosures

• Fully executed Agreement of Sale (AOS)
• Earnest money deposit (EMD) receipt or cleared check
• Bank transaction statement showing the EMD withdrawal

B) Bank statements

• Two most recent months of statements, all pages
• Include accounts used for cash to close or requested reserves
• For investment property purchases, confirm the source of funds with your loan officer. Fannie Mae does not permit personal gift funds for investment-property transactions under its standard gift rules. Other loan and assistance rules differ, so ask which requirements apply.

C) Identity and eligibility records

• Government-issued identification accepted by your lender
• Additional residency or eligibility records only when the lender requests them for the applicable program
• Ask which records apply to your application. This checklist does not determine eligibility based on citizenship or immigration status.

D) Income verification

• W-2 forms for the most recent two years
• Three most recent pay stubs
• Federal Form 1040 tax returns for the most recent two years, when requested
• Year-end pay stubs for the most recent two years, when requested

E) Property ownership, if applicable

For each property you already own:

• Monthly mortgage statement
• Home insurance declaration page
• HOA statement
• Property tax bill, if applicable
• Current lease for each investment or rental property

F) Insurance details

• Contact information for your home insurance agent
• A home insurance quote for the property you are purchasing