Buying a Home Step One: Information Collection

Phase 1: Information collection How do I get started? What information will I need? Well in advance of your intended date of purchase, you should have already gathered the following necessary info:

  • Order a free copy of your credit report at: https://www.annualcreditreport.com/cra/index.jsp

  • Clear-up any derogatory accounts. Do not open any new credit accounts or make large purchases.

  • Be able to document twelve months of verifiable housing history.

  • Make sure your down payment funds have been in the bank for at least two months. Be aware that if any of your down payment is a gift, additional paperwork maybe required depending on when the funds are deposited into your personal account