After you have a finalized contract, it’s time for you to make an application for your loan. You can find four key actions to this method. Now you can work with your loan officer to complete your loan application, discuss rates and lock options, and select the loan program that best meets your needs that you know the purchase price and the property address.
1) Loan Application Process
Submit your application for the loan. Your loan officer might make suggestions to work on this online, on the phone or perhaps in individual.
Submit your write-ups. So that you can process and underwrite your loan, your loan provider will request:
- Earnings documents (such as for instance pay stubs)
- Resource paperwork (like banking account statements)
- Other paperwork (such as for example landlord history)
- Other appropriate documents.