We’ve already talked about the importance of having a pre-approval letter when you start shopping for a home. If you’re ready to get rolling on the process, and are itching to get out and see some homes in person, the first step is to apply for a loan. This process is easier than you probably think. Most of the time the application process can be done online and requested documents can be attached to the application or emailed to the lender. Occasionally a lender will require that you meet with them in person to discuss your individual situation. Online applications usually take less than 20 minutes to complete. If you are able to qualify for a loan, often the lender can have you pre-approved within 48 hours of uploading all the necessary documentation.

Typically your lender will require you to show them 2 years of W2’s and tax returns, 30 days of paystubs, and 2 months of bank statements. Documentation will vary depending on your finances and then lender. The sooner you can get these documents turned in, the sooner you will have your pre-approval.