The Home Loan Process

Demystifying Home Loans

If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.

Pre-approval Application Closing Mortgage Calculator The Best Loan

Pre-Approval

Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes:

Credit report
W-2 forms

Pay Stubs
Federal Tax Return

Recent Bank Statements
Various Additional Documents

There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.

Application & Processing

The application is submitted to processing, where the documents are reviewed, appraisals and title examinations are ordered
The loan is then sent to an underwriter, who will review and approve the entire loan once if it meets compliance. This is known as Mortgage Commitment
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process

Closing

Signing and Finalizing the deal

Your loan is approved…congrats! Your documents will be sent to the closing attorney, and you’ll meet to sign for the new home. Don’t forget to set up your homeowners insurance make sure to bring your ID and a checkbook to the closing for any remaining costs. The loan will be recorded, and you will get the keys to your new home. Congratulations, happy homeowner!

Know Your Mortgage Payment

We Help You Get The Best Loan

Start The Process

We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!