What paperwork do I need as a first-time buyer?
Quick Answer
Short answer: Photo ID, recent pay stubs, T4s, two years of NOAs, and 90-day bank history showing the down payment.
Detailed Explanation
Lenders must follow anti-money-laundering (AML) rules. Provide government ID, employment letters, and proof the down-payment funds are yours. Gifted money requires a gift letter and often proof of the donor's transfer. Self-employed buyers substitute two years of T1 Generals and a CPA letter.
- Keep all large transfers traceable
- Avoid cash deposits without receipts
- Pre-approvals can expire if documents go stale (90 days)
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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