Home shopping...

[Silverback]

Yeah, I didn't have all of that to worry about.

2 years W2's, 1 month bank statement, with current balance screenshot from website.

but i've also been with my same company 4 years, and my fiance with her's 3 years.

[slow06]

oh they will.. 2 years W2 and tax returns (tax return is not enough..must have W2) all bank statements for 3+ months, statement with minimum amount for the down payment. If you have any large deposits outside of a work check, they need a reason.

I deposited $6k of my own cash into my bank account and they wouldnt take it. I ended up needing a "gift" letter even though it was my own money. I had to show my job offer letter from 2 years ago after I graduated college and got a decent paying job. If this process drags out as mine did, you need to update all the bank account info, etc. Also, make sure you pay the title company early so they get their asses going. We were never told to send a check and that delayed us 2 weeks on closing.

While it is a pain in the ass, we are borrowing other people's money so we play by their rules.

You know I went through this (minus the large deposit part) and didn't think it was that big of a deal at all. I don't understand why everybody complains about the process, just collect the paperwork they ask for and fax it in. Just pulled the tax files out and printed out the bank statements.

Granted it was the first and only home I have purchased, was it really that much easier 10 years ago?

[Silverback]

Yeah, it was...

On my first home purchase, i didn't have to provide any additional details other than 30 days check stubs.

[slow99]

Yeah, it was...

On my first home purchase, i didn't have to provide any additional details other than 30 days check stubs.

I went alt-a, bitches!!

[Silverback]

hell my re-fi was done over the phone 11 months later, and I was in Las Vegas, and they fed ex'd me the documents, I signed them at a notary, and sent them back.

[Ratt]

oh they will.. 2 years W2 and tax returns (tax return is not enough..must have W2) all bank statements for 3+ months, statement with minimum amount for the down payment. If you have any large deposits outside of a work check, they need a reason.

I deposited $6k of my own cash into my bank account and they wouldnt take it. I ended up needing a "gift" letter even though it was my own money. I had to show my job offer letter from 2 years ago after I graduated college and got a decent paying job. If this process drags out as mine did, you need to update all the bank account info, etc. Also, make sure you pay the title company early so they get their asses going. We were never told to send a check and that delayed us 2 weeks on closing.

While it is a pain in the ass, we are borrowing other people's money so we play by their rules.

We've done all this, so all we really have to provide from here on out are bank statements, which shouldn't be too bad, so now I am less worried.

[Rick Modena]

and my fiance with her's 3 years.

Oh, really? I guess congradulations are in order.








I also need to get out a little more.

[Silverback]

Oh, really? I guess congradulations are in order.

I guess I need to get out a little more.

maybe if you were on the facebook sucka!

[03mustangdude]

Lost going 25% over list. Jusy saying. Im out of tryinf to buy house now.

[Rick Modena]

maybe if you were on the facebook sucka!

Can a nigga get a text?!

I can't get on FB, its only for people who are into religion.

[Silverback]

Can a nigga get a text?!

I can't get on FB, its only for people who are into religion.

I guess that means, too many crazy chicks would be messaging you, wanting you to give them the jesus, and the old lady wouldn't be too keen on that

[AdamLX]

We've done all this, so all we really have to provide from here on out are bank statements, which shouldn't be too bad, so now I am less worried.

For final approval:

Paystubs must be the most recent 30 days
Bank statements must be the most recent two with all pages.

These documents expire so anytime you get something new (pay stub or bank statement) make sure to hang on to it because it will probably be asked for to get cleared for closing.

[Rick Modena]

I guess that means, too many crazy chicks would be messaging you, wanting you to give them the jesus, and the old lady wouldn't be too keen on that

You know me all to well, truer words have never been spoken...

[DON SVO]

It's rough right now as a buyer. DEFINITELY a seller's market. We went through several homes and a couple contracts before getting the one we are in. If this one had fallen through, we were seriously considering getting out of the market for a year or so.

[Ratt]

For final approval:

Paystubs must be the most recent 30 days
Bank statements must be the most recent two with all pages.

These documents expire so anytime you get something new (pay stub or bank statement) make sure to hang on to it because it will probably be asked for to get cleared for closing.

I can get all this online at any time, including paycheck stubs, so I'm not sweating it. Thanks for the info, though.

It's rough right now as a buyer. DEFINITELY a seller's market. We went through several homes and a couple contracts before getting the one we are in. If this one had fallen through, we were seriously considering getting out of the market for a year or so.

This may be us, we were just trying to buy while interest rates were so freaking low. 3.5% is our current quoted rate, which is insanely low. Ask your parents how much they paid in interest on their first house, lol!