First Time Home Buyers make up about 32% of customers purchasing Real Estate
A First Time Home Buyer is a borrower who has not owned real estate within the last three years. The borrower could have previously owned homes in his/her life but if not in the last three years then all of the incentives and benefits are there for their use.
Here at Lake Worth Beach Mortgage we have at our fingertips virtually every option there when it comes to helping first time home buyers get the best deal possible.
Here is the standard processing check list for a borrower who has a W-2'd job
1.) Two years W-2’s and two most recent paystubs
2.) Two months of bank statements (all pages) from the account that will be the source of funds
3.) Two forms of I.D. (Usually a driver’s license and a passport)
4.) Prior to pulling a credit report we will send you a borrower’s authorization form that is e-signed
Here is a standard check list for a self-employed borrower
1.) Two years tax returns (personal & corporate) along with any available 1099’s
2.) Two months of bank statements (all pages) from the account that will be the source of funds
3.) Two forms of I.D. (Usually a driver’s license and a passport)
4.) Prior to pulling a credit report we will send you a borrower’s authorization form that is e-signed
