What documents need to buy?

To buy a house, you will need several key documents. Here are the essential ones:

Proof of Income and Assets: This includes pay stubs, bank statements, retirement account statements, tax returns, and Form 4506-T to verify your income and the sources of your down payment[5).

Proof of Employment: Documents such as pay stubs for the past 30 days, W-2 or self-employment tax returns for the past 2 years, and a list of employers over the past several years are required[5).

Credit Report: A credit report is necessary to evaluate your credit score and creditworthiness[5).

Pre-Approval Letter: This letter from the lender indicates how much you can borrow and is crucial for setting your home shopping budget[5).

Purchase Agreement: This document formalizes the purchase and includes details such as property description, purchase price, contingencies, and terms of possession[2).

Home Inspection Report: This report evaluates the condition of the property and can include contingencies for repairs or credits[5).

Sale Deed: This is the cornerstone document that legally transfers property ownership from the seller to the buyer and must be registered at the local sub-registrar's office[2).

Mother Deed: This document traces the property's history and is essential for establishing clear ownership and for home loans[2).

Building Approval Plan and Completion Certificate: These documents ensure that the construction complies with local regulations and is legally valid[2).

Possession Letter and Allotment Letter: For under-construction properties, these letters are crucial for verifying the possession date and payment plans[2).

Khata Certificate: This is necessary for municipal records and property tax assessment[2).

Identification and Insurance Documents: Your identification and proof of homeowners insurance are also required[5).

Loan Estimates and Closing Documents: At the closing, you will sign documents such as the closing disclosure, promissory note, deed of trust or mortgage, and various affidavits and disclosures).