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.