First Time Home Buyer Loans

QWhat Steps Need To Be Taken To Secure A Loan?
AThe first step in securing a loan is to complete a loan application. To do so, you'll need the following information: 1. Pay stubs for the past 2-3 months 2. W-2 forms for the past 2 years 3. Information on long-term debts 4. Recent bank statements 5. Tax returns for the past 2 years 6. Proof of any other income 7. Address and description of the property you wish to buy 8. 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.