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Nathaly Burnett 253-732-9535     Email Nathaly

Before you start shopping for a home in  Tacoma, Lakewood, Puyallup or any community within Pierce County, it’s a good idea to make some preparations.

Build your green file: A green file contains all your important financial documents. You’ll need it to secure financing for your home. The typical green file should contain:

  • Most recent paystubs covering a consecutive 30 days earnings
  • Most recent 2 years tax returns (all schedules) with supporting
  • W2’s/1099s
  • If self-employed, in addition to personal tax returns, a signed YTDProfit/Loss statement and, if applicable, supporting business returns/K1’s
  • Most recent 2 monthly or 1 most recent quarterly statement for allchecking/savings/investment/retirement accounts
  • Copy of current photo ID
  • If currently renting, landlord contact information or 12 months (cancelled checks to prove rental payment history)
  • If currently a homeowner, copy of current mortgage statement
  • If applicable, full copies of divorce decree, order of child support, bankruptcy papers

Check your credit rating: Your credit score will have a huge impact on what type of home you can buy, and at what price. Anything above 620 is considered good. A premium interest rate may mean a lower interest rate on your mortgage. Check your credit rating with a credit reporting agency such as: Equifax, Experian or Trans Union.

Loan Types:
Veterans Administration (VA)
Federal Housing Administration (FHA)
Rural Housing Service (RHS)
Conventional Loans
HUD Section 184 Loan
HomePath Loans

Be Careful With Your Finances: Now is not a good time to make sudden career changes or large purchases. You want to approach home buying from a position of financial stability.

Next Step: Choosing a Realtor

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