Paperwork Needed for Purchase in Desoto, TX

Paperwork Required for Your Home Purchase in Desoto, TX

Congratulations on taking the first step towards owning a home in Desoto, TX with DeSoto Mortgage! As you embark on this exciting journey, understanding the necessary paperwork is crucial. We've compiled a comprehensive guide to help streamline your home buying process.

General Documentation:

• Proof of Identification: Valid government-issued ID such as a driver's license or passport.

• Proof of Income: Recent pay stubs, W-2 forms, or tax returns for the past two years. If you're self-employed, provide profit and loss statements and tax returns.

• Bank Statements: Statements from your bank or financial institution for the past two to three months to verify your assets and down payment funds.

• Employment Verification: Contact information for your current employer or documentation if you've recently changed jobs.

For Self-Employed Individuals:

• Business Documents: Profit and loss statements, business bank statements, and tax returns for your business for the past two years.

• Business Registration: Documentation proving the legal registration of your business.

For VA or FHA Loans:

• Certificate of Eligibility (VA Loans): If applying for a VA loan, you'll need your Certificate of Eligibility (COE) to verify your service eligibility.

• Additional Documentation: Depending on the loan type, additional paperwork may be required, such as proof of military service or FHA-specific forms.

For Investment Property Purchases:

• Rental Agreements: If the property is an investment, provide rental agreements or potential rental income documentation.

• Property Details: Information on the property being purchased, including address, purchase price, and intended use.

Additional Considerations:

• Gift Letters: If receiving gift funds for your down payment, you'll need a signed gift letter from the donor confirming the amount and nature of the gift.

• Explanation Letters: In case of any discrepancies or unique circumstances, be prepared to provide explanation letters to clarify any financial situations.

Working with DeSoto Mortgage:

Our dedicated team at DeSoto Mortgage is here to assist you throughout the documentation process. We'll guide you through each step, ensuring you have the necessary paperwork in order to expedite your home purchase in Desoto, TX.

Ready to Begin? Contact Us Today!

Don't let paperwork overwhelm you. Let DeSoto Mortgage simplify the process for you. Contact us today to schedule a consultation, and our expert team will assist you in gathering the required documentation for your home purchase in Desoto, TX.

Disclaimer: The specific paperwork requirements may vary based on individual circumstances and loan types. Our team will provide personalized guidance on the necessary documentation for your home purchase.

Disclaimer: loan terms and requirements can vary. We recommend discussing your specific situation with our experts for personalized guidance.