Negotiations can begin for the sale of the property.
Once the buyer and seller have agreed on a purchase price and developed sales agreement, it is time for the buyer to apply for a loan. Back up top. Applying for a loan is very simple and straightforward. If you would like to go ahead and try to pre-qualify or submit a loan application, please fill out the preliminary online loan application. The uniform loan application that is submitted to lenders is known as the Fannie Mae form.