Being a homeowner comes with a great deal of pride and is sure to be one of your largest investments. The key to owning your property may depend on qualifying for a home loan.  You will need to complete the required amount of paperwork to obtain the money needed to buy a house. It's ideal to be aware of some tips to ensure you can secure the necessary loan.

Tip #1: Check your credit

Getting the loan will be based on your credit rating. It's ideal to have a good credit score if you want to ensure you will be granted the amount of money necessary to purchase the home. Studies indicate that a score of 720 or above is considered to be a good rating.

Additionally, you will want to ensure there aren't any blemishes on your credit history that could cause it to be lowered.

Tip #2: Gather documents

You will want to have the all of your paperwork together before filling out the loan application. This can help you be prepared in advance and may increase your chances of getting the loan.

Listed below are the documents you should have:

1.  Verification of your income for at least the past two years and it's ideal to use W-2's for this.

2.  Your tax returns for the last two years.

3.  List of your debts that may include credit cards, auto loans and other outstanding payments you are must make each month.

4. You should include documentation of all of your assets, and this should include checking account statements, investment accounts and any real estate you may own.

Tip #3: Provide accurate information

It's important that you only list factual information when filling out the application for your loan. If you provide fraudulent facts, this could prevent you from borrowing the money to buy a new home.

Be sure to list your current address and an active phone number where you can be reached at any time. Additionally, be sure to look over all of the required documentation to ensure there aren't any errors in it that may cause you not to get the loan.

The benefits of owning a home are many and getting a loan is possible when you ensure you do the right things. Be sure to rely on additional advice from your mortgage lender to enable you to get the money that is necessary to purchase this type of real estate.