Paperwork Needed for Purchase in Texas

Essential Paperwork for Your Texas Home Purchase

Congratulations on taking the first steps toward owning a home in Texas! Understanding the necessary paperwork can streamline your home buying process. At TX Mortgages, we aim to simplify this for you:

For Pre-Approval:

• Income Verification: Pay stubs for the last 30 days, W-2 forms for the past two years, or tax returns if self-employed.

• Assets: Bank statements for the last 60 days to verify savings, investment accounts, and any other assets.

• Credit Information: Your credit score and history are essential. Ensure you have details of any outstanding debts or loans.

During the Application Process:

• Purchase Agreement: A signed copy of the purchase agreement for the property.

• Property Information: Details about the property, including address, purchase price, and property description.

• Employment Verification: Contact information for your current employer to verify your employment status.

For Underwriting and Approval:

• Homeowner’s Insurance: Proof of insurance is crucial before closing.

• Appraisal Report: This report assesses the property's value and is essential for the loan approval process.

• Additional Documentation: Be prepared for potential requests for additional documents based on your specific financial situation.

Closing Documents:

• Identification: A government-issued ID, such as a driver’s license or passport.

• Closing Disclosure: This document outlines the final terms of your loan, including closing costs and other details.

• Funds for Closing: Have certified funds or arrange wire transfers for the closing costs and down payment.

Our Guidance Throughout

Navigating the paperwork for a home purchase can feel overwhelming, but at TX Mortgages, our team is dedicated to guiding you through each step. We’ll ensure you have the necessary documents in order and help you understand the significance of each piece of paperwork.

Start Your Home Buying Journey with Confidence

Embarking on homeownership in Texas is an exciting endeavor. Having the right paperwork ready streamlines the process, getting you closer to your dream home. Contact us today for personalized guidance and support as you begin this exciting chapter.

Disclaimer: The specific documentation required may vary based on individual circumstances and loan types. We recommend consulting with our experts for personalized guidance.