I get this question all the time "What's the first step to buying a home?" The answer is always the same "get your financing in place."
If you are in the majority of the public, you will need to get a mortgage loan to purchase a home. There are various programs available through a wide variety of Ohio Valley lenders. Obtaining a pre-approval from a lender may be done over the phone in some cases, but at some point you will need to meet with the lender and start the loan application process. There are many steps to financing. The following is a list of items that you will need to have readily available.
 Purchase agreement signed by all parties
 Fee for appraisal and credit report
 Residence addresses for past 7 years
 Home and business phone numbers
 Social security numbers for all applicants
 W-2 forms for all employers for past 2 years, plus paycheck stubs from last month showing year-to-date earnings
 If self-employed or more than 25% owner of a business, complete personal and business tax returns for past 2 years, plus current P & L
 if child support or alimony are to be considered as income, copy of divorce decree and court payment record.
 Documentation showing amount of retirement, disability or social security income you receive
 Checking and savings account statements for past three months
 Account statements from stockbrokers or mutual funds
 List of all debts including mortgages and credit cards. Addresses of creditors, account numbers, monthly payments and balances owed.
 Landlord's name, phone number and address.
 If downpayment is from sale of present home, copy of listing contract, purchase agreement or closing statement.
The above list is to be used as a reference tool, lenders requirements can vary and additional information may be required.
Melissa Sall, Realtor
Sulek & Dutton Real Estate
Direct line (740)338-9303