Buyer Qualification Checklist

Unlock the dream home! 🏡 Our free Buyer Qualification Checklist ensures you're financially & emotionally ready for real estate. Avoid costly mistakes & confidently navigate the home buying process. Download now! #realestate #homebuyer #checklist #mortgage #financialreadiness

This Template was installed 0 times.

Financial Readiness

1 of 7

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

2 of 7

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

3 of 7

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

4 of 7

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

5 of 7

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

6 of 7

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

7 of 7

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?

Task Management Solution Screen Recording

Stop juggling tasks! See how ChecklistGuro’s task management solution streamlines your workflows and keeps your team on track. This screen recording shows you how easy it is to create, assign, and monitor tasks - all within our BPM platform. #taskmanagement #bpm #checklistguro #productivity

Related Checklist Templates

We can do it Together

Need help with Checklists?

Have a question? We're here to help. Please submit your inquiry, and we'll respond promptly.

Email Address
How can we help?