What Documents Are Required from Lakeland FL Homebuyers?

By
Managing Real Estate Broker with CDV TransAtlantic, Inc. BK646565

What Documents Are Required from Lakeland FL Homebuyers?

Whereas homeowners or sellers have to provide documents that prove their ownership or rights for selling a Lakeland FL house for sale, homebuyers like you have to submit documents that prove your financial capacity to purchase the property you are interested in when applying for a mortgage.

Buying a house can be a complex and protracted process even if you have the best agent helping you out. You can, however, expedite the process by doing what you can to complete all documentary requirements that may be asked of you.

Pay Stubs

These will only be asked if you are employed and are earning wages. Professionals and business owners naturally do not have pay stubs and are required to submit the requisite counterparts as proof of income. Also, remember to submit copies and not originals. If necessary, you can have the HR or Accounting Department of your company to certify the copies instead.

W2s and Tax Returns

Provide copies of the two most recent W2s and tax returns you have in your possession. Again, the operative word here is “copies”. Never submit original documents as there’s no way to know if your documents will remain completely protected and secure from unauthorized access.

These documents will also show if you have other sources of income aside from the current company you are working in, your practice, or your own business.

Bank Statements

Most creditors and homeowners prefer to know how much cash you have in the bank as this will also prove how much you can afford to “immediately” pay. Also, homebuyers of Lakeland FL Homes for Sale are usually asked to submit copies of bank statements that include transactions involving your accounts for the last three months.

Asset Statements

Creditors also want to know how much and what types of assets you have. This way, they would have a better idea of whether you would still be able to pay your mortgage even if your cash reserves are suddenly wiped out for any reason.

Valid IDs

Last but not the least, homebuyers of Lakeland FL properties will usually be requested to submit copies of their valid IDs. These include but are not limited to your driver’s license and passport. Again, make sure to submit only copies and not originals. If necessary, you can also secure from your local government a certified copy of your birth certificate. Lastly, please prioritize valid IDs that have your photo, full name, and birth date indicated.

Hopefully this will not take you long to get all these documents to together to apply for a mortgage to buy your next Lakeland FL home.  In the meantime, feel free to search for your next home by clicking on the picture below.

I hope you found this post useful! If you need help finding or selling your Lakeland, Florida home, please contact Petra Norris - REALTOR(R) at 863-619-6918. If you’re new to Lakeland, I’d especially like to extend a warm welcome. I value my clients and provide them with honest, reliable service. Allow me to introduce you to the Lakeland FL real estate landscape and all it has to offer.

 

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Copyright © 2012 By Petra Norris *What Documents Are Required from Lakeland FL Homebuyers?*

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Topic:
Home Buying
Location:
Florida Polk County Lakeland
Groups:
Advice for Buyers
Dedicated Bloggers
First Time Homebuyer
Buyer Information - What Buyers Need to Know in Today's Market
Tags:
first time home buyers
tips and advice
buyer tips
lakeland fl home buying
buying a home

Comments 3 New Comment

Ambassador
1,773,423
Nestor & Katerina Gasset
Realtors, Wellington Florida Homes For Sale
International Properties and Investments LLC

Hello Petra,this is a great and professional advice for all the homeowners or buyers to remember.Keep up the good work! You're definitely the finest Lakeland FL Short Sale Agent. 

July 28, 2012 10:41 AM
Rainmaker
999,264
Ginny Lacey Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Petra, I had one buyer who wanted to buy a home and then we found out they had not filed a Federal tax return in 3 years!  That was a first one...you are the Lakeland FL short sale agent to guide and direct any buyer or seller in the real estate market...best!

July 31, 2012 03:48 AM
Rainer
71,505
Bas Panch
SCV Home Buyer

Hi Petra,

This is really excellent information and a great guide for those preparing for a short sale. Keep up the good work as a top Lakeland FL short sale agent!

August 02, 2012 07:45 PM
Rainmaker
580,874

Petra Norris

Realtor, Lakeland FL Homes for Sale
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