What documents are needed to buy a Boston condo for sale?

In this Boston condo for sale blog post we’re going to dive into the mortgage application process. Your bank lender will give you an application, the first thing you need to know everything you claim on your application, you’ll need to back up with proof.

As stated, anticipate backing up every claim you make on your mortgage application with documentation.This would include finding your  W2s and 401(k) statements ect.

Proof of income

Your bank lender wants to know that you’ll be able to repay the loan (mortgage). At minimum you’ll need to provide:

  1. The previous year’s W-2 form.
  2. Your most recent pay stubs
  3. Your tax returns from the past year.
  4. Depending on your income history and the size of the loan, you may have to show additional paperwork. For example, getting a mortgage when you’re self-employed often requires even more documentation, like profit and loss statements from your business or 1099 forms if you work on a contract basis.

Income outside of a regular job

  • If you make money from other sources, part-time job or consulting work, you’ll need to provide detailed information about that, too. Someone who receives child support or alimony will likely have to show the lender a copy of the divorce decree. Someone who earns income from a rental property may be asked for a copy of the lease agreement.


  • You’ll have to put together a complete list of all your debts, including credit cards, student loans, car loans, alimony and child support payments, along with statements that show balances and the minimum monthly payments. The  main point here is that bank wants to make sure you’re paying off your debt without late payments.


  1. Be prepared to present an inventory of assets including bank statements, investment records, retirement accounts, real estate, and auto titles, and any other major items of value.
  2. The bank wants to be sure you have enough savings to weather any unexpected expenses after you close on the Boston condo for sale. They may also want proof that you paid the down payment from your own account and not as a loan from someone else.

Additional paperwork

  • You may have to sign an IRS Form 4506-T, which allows the lender to get a transcript of your tax return from the IRS. In some cases, the lender wants to see that what you declared to them matches what you declared to the IRS. The form verifies that all the information on your W-2, 1099 or 1040 matches what’s on your loan application.
  • If you had a bankruptcy within the past several years, you may be asked for your bankruptcy discharge papers. In some cases, a bankruptcy can appear on your credit report for up to 10 years. Even if you’ve been on sound financial footing since then, a lender will want to see that you’ve settled with your creditors.

Boston condos for sale

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Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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