Home Buying Checklist

Documents You Will Need

Pay stubs from the last 30 days for all borrowers W-2 forms from the past 2 years Federal tax returns from the past 2 years (all pages) Bank statements from the last 2-3 months (all accounts) Investment account statements (401k, IRA, brokerage) Government-issued photo ID for all borrowers Social Security card or number Gift letters if any part of your down payment is a gift Proof of additional income (rental income, alimony, freelance 1099s) Divorce decree or separation agreement if applicable

Financial Health Check

Check your credit score and review your credit report for errors Calculate your debt-to-income ratio (aim for under 36%) Verify your savings for down payment, closing costs, and reserves Pay down credit card balances to lower your utilization ratio Avoid opening new credit lines or making large purchases Build an emergency fund with 3-6 months of expenses beyond your down payment

Before House Hunting

Get pre-approved by at least 2-3 lenders to compare rates Set your budget based on what you can afford, not what you are approved for Research neighborhoods including commute times, schools, and future development Choose a buyer's agent with experience in your target area Make a must-have vs. nice-to-have list to stay focused during showings Research down payment assistance programs in your state and city

During Showings (Inspection Checklist)

Making an Offer

Review comparable sales in the area with your agent Decide on your offer price and maximum you are willing to go Include contingencies for inspection, appraisal, and financing Prepare earnest money deposit (typically 1-3% of purchase price) Write a personal letter to the seller (optional, but can help in competitive markets) Set your closing timeline and preferred move-in date

Closing Process

Schedule a professional home inspection within the contingency period Get homeowner's insurance quotes and select a policy before closing Review the Closing Disclosure at least 3 days before closing Do the final walkthrough 24-48 hours before closing Bring to closing: government ID, cashier's check or wire transfer confirmation, proof of insurance Review closing costs breakdown: origination fees, title insurance, escrow, recording fees, prepaid taxes and insurance Set up utilities for your move-in date (electric, gas, water, internet) Change your address with USPS, your employer, banks, and subscriptions