The first step in securing a loan is to complete a loan application. To do so, you’ll need the following information: Pay stubs for the past 2-3 months; W-2 forms for the past 2 years; Information on long-term debts; Recent bank statements; Tax returns for the past 2 years; Proof of any other income; Address and description of the property you wish to buy; Sales contract. During the application process, the lender will order a report on your credit history and a professional appraisal of the property you want to purchase. The application process typically takes between 1-6 weeks.
Securing a Loan
