Market Conditions in Antioch>Question Details

Joan, Home Buyer in Antioch, CA

Looking for a potential buyer. Do u have to show six months of morgage payments. How many check stubs you have to show.?

Asked by Joan, Antioch, CA Wed Jun 20, 2012

Help the community by answering this question:


For a buyer to qualify, we ask for:

-mortgage history for the past 12 months or, if less than that, from the inception of the loan to current.

-current paycheck stubs for past 30 days. These will need to be updated, as well, at close of escrow.

-if your job is new, you will need to show continuity of employment for 2 years. IE; previous employment information or college dipoloma transcripts, etc.

-proof of funds for down payment and closing costs. 5% of the purchase price must be 'seasoned' for three months. 3.5% on FHA loans.

I highly recommend getting your loan approval before you start looking for homes.

Always happy to help a fellow Contra Costan!! :)
0 votes Thank Flag Link Thu Jun 21, 2012

Mortgage history is determined mostly by the credit report. As for paystubs, usually we want to see however many it takes to cover a 30-day period. This is combined with the two most recent tax returns (in most cases) and/or W-2 forms.

If you have any questions about qualifying for a mortgage, let me know. I am relatively local.

Rob Spinosa
0 votes Thank Flag Link Wed Jun 20, 2012
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