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For salaried individuals* Latest salary slips. Bank account statements of the previous three months. PAN card/ Form 60 of all applicants. ID proof. Address proof. Document of the property to be mortgaged. IT returns. Title documents.

You'll need to provide the following: identification. proof of employment. proof you can pay for the down payment and closing costs. information about your other assets, such as a car, cottage or boat. information about your debts or financial obligations.

The name and address of your current employer and past employers (as applicable). Proof of employment, including pay stubs or other proof of income (salary, commission, pension, etc.), your position with your current employer and past employers depending on how long you've been working there.

The most common example of an Assignment of Mortgage is when a mortgage lender transfers/sells the mortgage to another lender. This can be done more than once until the balance is paid. The lender does not have to inform the borrower that the mortgage is being assigned to another party.

An "assignment" is the document that is the legal record of this transfer from one mortgagee to another. In a typical transaction, when the mortgagee sells the debt to another bank, an assignment is recorded, and the promissory note is endorsed (signed over) to the new bank.

You usually need a credit score of at least 620 for a conventional loan, and your credit scores must be at least 500 for an FHA loan. USDA loans and VA loans don't have minimum credit scores, but qualified lenders may have their own eligibility guidelines.