Illustrated graphic features first-time homebuyers working through the paperwork of the application and mortgage process. Illustrated graphic features first-time homebuyers working through the paperwork of the application and mortgage process.

The application & mortgage process

Your first time buying a home should be exciting and stress free. We’re here to empower you as you move through the steps of securing a home loan. This article is a great place to start preparing.

Couple sitting on couch together reviews their mortgage application.

The mortgage application

Who doesn’t love a good checklist, especially after it’s been checked off? Before applying for a loan, here’s what you’ll need:

  • A copy of your photo ID
  • Two most recent pay stubs
  • Two most recent and complete bank statements
  • Two most recent and complete tax returns
  • Two most recent W-2s

If you’re self-employed, you may need to provide additional documentation.

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Homebuying do’s and don’ts

Our goal is to make your homebuying process go quickly and smoothly. You can help by doing certain things and avoiding others.

Icon of a check mark with a circle around it.Do Icon of the letter X with a circle around it.Don't Get pre-approved so you can make a strong offer Make any major purchases (furniture, cars, boats, those sorts of things) Be thorough and honest on your application Apply for new credit accounts, close existing accounts, or 
co-sign loans for others Continue to pay your rent or mortgage, loans, and credit cards 
on time Keep your current job and income, and contact us right away if either one changes Keep your current job and income, and contact us right away if either one changes Spend your down payment or closing cost money Have your important documents handy (especially your W-2s, 
tax returns, and pay stubs) Plan a vacation during your loan process

For more tips like this, check out our homebuying guide. DOWNLOAD

Underwriting & appraisal

We'll verify your application information, assess your credit and collateral, and order an appraisal to ensure you're not overpaying. Learn more about the underwriting and appraisal step here.

Home inspection vs. home appraisal

Home inspections and home appraisals are two different, but important parts of the homebuying process. Here’s a breakdown.

Home inspection Home appraisal

What is it?

 Determines the condition of the property
you're buying		 Determines the value of the home you're buying

When do you get it?

 Order an inspection after your offer is accepted We'll order an appraisal when your loan is in
underwriting

How much does it cost?

 Approx. $250-$400 Approx. $450-$600

Begin the application & mortgage process today

Apply now Get pre-approved