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