2. What do you need to apply for a loan?

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Copy of purchase sales contract
Ok, so this one isn't actually required up front. I believe it's better to get approved for your loan before you even find your perfect house. Why? That way, there are no surprises—you'll know exactly how much you can afford or how much more you need to save before you go through the time and expense of putting a contract on a home. Of course, once you're ready to buy your new home, a signed copy of your sales contract or offer to purchase, and all addenda What's This?, will be required. This is usually provided by your real estate agent.


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