There's a lot involved in obtaining a mortgage loan. You wouldn't be here on our Web site if you could fill out a one-page application and get the loan funded the same day. With that in mind, we do most of the "heavy lifting" for you, so you can concentrate on what's important – preparing to move into your new home.
From application through closing, we'll make the process as seamless as possible! That's why we're here.
There are four main steps involved in getting a loan:
Step 1: How much you can borrow?
How much of a monthly payment can you afford? Considering your unique credit history and employment background, income and debt, how much is a lender willing to loan you? You can get a rough idea by using the calculators on our Web site. We'll also help you through different scenarios by asking a few simple questions. Based on standard lending guidelines, we'll give you a good idea of what kind of terms and loan programs will benefit you most.
Step 2: Pre-approval for your loan.
We will ask you to provide information about your employment, your assets, your residence history and credit. We get your permission to run your credit report. After we review all this information, if it meets with initial approval, we give you a Pre-Qualification Letter. Handle it with care. To a home seller, it's like a suitcase full of cash! Your real estate agent will use your Pre-Qualification Letter to make the best offer on the home you choose. Because the seller knows you're pre-qualified, you'll have more negotiating power. And while you're picking out the perfect home, we're busy finding the loan that's just right for you.
Step 3: Application for your loan.
Once you've made an offer and it's been accepted, it's time to complete the loan application.
And when the time is right, we'll order an appraisal of your new home.
Step 4: Funding your loan.
Your real estate agent or builder will work with you to designate an escrow/title company to make sure all the papers for your closing are in order, and you'll sign everything at the escrow/title company.
You've answered a few questions, given us some detailed information, made application, and the next thing you know, you're moving into your new home.
We're in the business of mortgage loans – so we do most of the work!