Dallas Contact Info:
P.O. Box 271088
Dallas, TX 75227-1088
Phone # 214-388-0777 (office)
Fax # 214-275-4666
otis48@otisclaybornerealty.com
Houston Contact Info:
P.O. Box 631288
Houston, TX 77263-1288
Phone # 713-917-0777 (office)
Fax # 713-532-9007
otis48@otisclaybornerealty.com
 
Home Purchaser Requirements
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OTIS B. CLAYBORNE &
ASSOCIATES REAL ESTATE

P.O. BOX 271088 DALLAS, TEXAS 75227-1088 PHONE: 214-388-8200 FAX: 214-274-4666

 

TO ALL HOME PURCHASERS:

ALTHOUGH CREDIT INFORMATION REQUIREMENTS VARY SOMEWHAT FROM INSTITUTION TO INSTITUTION, THE FOLLOWING IS A LIST OF ITEMS USUALLY REQUIRED DURING THE INITIAL CREDIT APPLICATION AND INTERVIEW:

  • HIS AND/OR HER SOCIAL SECURITY NUMBERS
  • TWO MONTHS MOST RECENT BANK STATEMENTS
  • 2 YEAR RECORD OF WORK HISTORY
  • 2 YEAR RECORD OF RESIDENCE
  • LANDLORD; OR MORTGAGE CO. NAME AND ACCOUNT NUMBER
  • DD-214 COPY (APPLICABLE V.A. PURCHASERS ONLY)
  • CERTIFICATE OF ELIGIBILITY, IF AVAILABLE - NOT REQUIRED (APPL. TO V.A/ ONLY)
  • CREDIT REPORT FEE PAYABLE TO THE MORTGAGE COMPANY (THE PRICE VARIES)
  • COPY OF DRIVERS LICENSE
  • SALES CONTRACT (AFTER APPLICATION PROCESS)
  • SOURCE OF DOWN PAYMENT
  • APPRAISAL FEE (IF APP.)
  • COMPLETED TAX RETURNS FOR THE LAST TWO YEARS, 3 YEARS FOR GRANT PROGRAMS
  • 2 MOST RECENT PAY STUB(S)
  • DIVORCE DECREE (IF APP.)
  • PROOF OF CHILD SUPPORT
    • PRINT OUT FROM THE STATE ATTORNEY GENERAL'S OFFICE
    • CANCELLED CHECKS (12 MONTHS)
  • CREDIT LETTERS (IF NEEDED)
  • IF SELF-EMPLOYED
    • TWO YEARS TAX RETURNS
    • PROFIT & LOSS STATEMENT
    • YEAR-TO-DATE BALANCE SHEET
  • DISCHARGE BANKRUPCY PAPERS (IF APP.)
  • LETTERS OF EXPLANATION FOR PRIOR DEROGATORY ENTRIES ON CREDIT REPORT
  • PLEASE DO NOT PURCHASE A CAR OR ANYTHING ELSE UNTIL YOU CLOSE ON THE HOME.

THE MORTGAGE COMPANY SELECTED FOR APPLICATION IS:____________________________

YOUR CONTACT PERSON IS:__________________________ PHONE: __________________
 
THE TITLE COMPANY SELECTED FOR CLOSING YOUR LOAN IS: _________________________


YOUR CONTACT PERSON IS:__________________________ PHONE: __________________

 


OTIS B. CLAYBORNE, BROKER