Preparing Your Personal Credentials

Your Personal Credentials statement should include the following:

• Your name
  

• Your financing status, preapproved or prequalified, along with the contact information for your loan officer. Attach a copy of the letter from your loan officer to the back of your credential statement.
  

• Your credit score from at least one major credit reporting company, but would be better to have all three. If you have copies of reports from these companies, attach them to the back of your credentials with ALL personal information except your name whited out. Do not include any pages with personal credit history or analysis, they should list CREDIT SCORES ONLY
  

• Proof of reserves to complete the transaction (remember - they want to be sure you can pay your escrow costs and down payment), and where that cash is (what banks, equity companies or gift amounts if relatives are helping you - DO NOT supply account numbers). Attach the most recent copies of statements from these companies, with the account numbers whited out to the back of your credentials.
  

• What assets, if any, you plan to use in the transaction, for example list your home if you plan to sell it in order to buy their home. If the home is currently listed and for sale, provide the listing Agents Name (No Contact Information - don't offend the sellers agent) and the MLS number and area the home is listed under. If it is not yet for sale, attach a copy of your last property tax bill to the back of your credentials (proof of ownership). If you do not have a copy of your last property tax bill, your Realtor can obtain the relevant information for you.
  

• A statement of confidentiality prohibiting the seller, his agent or any other party from copying or redistributing your credentials and attachments, and requiring that they return them to you, or to your agent via normal mail should your offer not be accepted

This Credentials Resume is highly personal and should not be broadly distributed. You may want to leave a copy with your Realtor/Agent for quick preparation of any offers.

Be sure to type it out on one page, and each section listed above should be a subtitled in bold for quick reference.