St Simons Island, GA: WHAT STEPS NEED TO BE TAKEN TO SECURE A LOAN?

Home Ownership Frequently Asked Questions | WHAT STEPS NEED TO BE TAKEN TO SECURE A LOAN?

WHAT STEPS NEED TO BE TAKEN TO SECURE A LOAN?

The first step in securing a loan is to complete a loan application. To do so, you'll need the following information. 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.

Pay stubs for the past 2-3 months
W-2 forms for the past 2 years
Information on long-term debts
Recent bank statements
tax returns for the past 2 years
Proof of any other income
Address and description of the property you wish to buy
Sales contract

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Burton Real Estate & Development, Inc.
2215 Frederica Road - St. Simons Island, Georgia
Calvin Stephenson | Home Office: 706-543-0222 | Betty Ellis Cell: 912-223-5572