Mortgage
Whether you are buying you First Home, Dream Home or Refinancing, we will be your road map and guide you through the financing process with these 6 simple steps.
Pre-Qualification
First, find out how much home you can afford by getting pre-qualified. There are a lot of different mortgage options available and this will help figure out the program that is right for your personal, unique financial situation.
Application
Your application begins the loan process. You’ll read and sign each loan document and provide your intent to proceed with your mortgage. Once you receive your loan estimate, you’ll submit the necessary documentation needed to move forward.
LOAN PROCESSING
After your application is accepted, a loan processor gathers the necessary documents into your loan package. The Processor will review your credit report and verify your debts, payment histories and employment status.
APPRAISAL
An appraisal determines the fair market value of the property you’re purchasing. The appraisal is then added to your loan package to be used in underwriting.
Underwriting
The Underwriter reviews your application, documentation, financial information, sales contract, appraisal and title to be sure all requirements have been met for the loan program you’re applying for.
CLOSING
Before your closing date, you’ll receive your closing disclosures, which will disclose your cash to close amount. On the day of your closing, you will sign the final documents and your loan will be funded. Your first mortgage payment is typically not due until the second month after your closing date.
