Buyer Qualification Checklist
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Financial Readiness
Assessing the buyer's ability to secure financing and afford the property.
Gross Annual Income
Liquid Assets (Savings, Investments)
Debt-to-Income Ratio (DTI)
Estimated Credit Score Range
Employment Status
Desired Loan Type
Explanation of Assets (if unusual or complex)
Credit & Income Verification
Detailed review of credit score, debt-to-income ratio, and income stability.
Credit Score (Equifax)
Credit Score (Experian)
Credit Score (TransUnion)
Gross Monthly Income
Debt-to-Income Ratio (DTI)
Employment History (Last 2 Years)
Pay Stubs (Most Recent 2)
Employment Type
Explanation of any Credit Inquiries (if applicable)
Pre-Approval/Pre-Qualification
Confirmation of potential loan approval and amount from a lender.
Pre-Approval Amount ($)
Lender Type
Loan Program Type
Pre-Approval Expiration Date
Pre-Approval Letter
Notes Regarding Pre-Approval (e.g., conditions, specific loan terms)
Interest Rate (Estimated)
Down Payment & Closing Costs
Verification of funds availability for down payment, closing costs, and reserves.
Down Payment Amount
Estimated Closing Costs
Funds Available for Closing
Reserve Funds Available (for emergencies)
Source of Down Payment Funds
Proof of Funds (Bank Statements, etc.)
Explanation of any unusual funding sources or large deposits
Legal & Identity Verification
Ensuring the buyer's identity and legal capacity to enter into a real estate transaction.
Full Legal Name
Date of Birth
Current Address
Social Security Number (Last 4 Digits)
Government-Issued Photo ID (e.g., Driver's License, Passport)
Marital Status
Are there any legal proceedings or judgements pending that could impact the transaction?
Motivation & Timeline
Understanding the buyer's reasons for purchasing and their desired timeframe.
Briefly describe your reasons for wanting to purchase a home.
On a scale of 1-10 (1 being not urgent, 10 being extremely urgent), how important is it to purchase a home within the next 3 months?
What is your ideal move-in date?
What is the primary reason for your home purchase?
Are there any specific circumstances (e.g., job change, family expansion) driving your timeline?
How flexible are you with your target move-in date?
Property Understanding & Goals
Gauging the buyer's understanding of the home buying process and their property goals.
Describe your ideal property and what you're looking for in a home.
Which of the following features are 'must-haves' for you?
What is your ideal square footage?
What type of property are you primarily interested in?
What are your priorities when choosing a location? (e.g., schools, commute, safety)
What is your target move-in date?
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