Loan Process

Purchase

Get Pre-Qualified

Getting pre-qualified is great for two reasons:

First, it will improve your purchasing power. Sellers and Realtors® feel more comfortable negotiating a contract with people who are already pre-qualified because it increases the chance that they the buyer can quickly get financed (some will ONLY work with people that have been pre-qualified). This means that the real estate transaction can go a lot smoother than with someone who is not pre-qualified.

Second, getting pre-qualified is recommended because it gives you a clear idea of how much you can afford. This makes the home buying process easier because it allows you to know exactly what houses are in your price range.

Find Your House

Work with a Realtor® to find the home of your dreams. They are knowledgeable and have housing-market insights that can be more beneficial than doing the search on your own.

Find the best loan product for you

Selecting the right loan product for you is very important in the mortgage process. You may be choosing between a fixed or adjustable-rate mortgage, and you may consider a conventional or government mortgage loan programs like FHA, VA, or USDA. We have a variety of loan products to meet your needs.

Please click here to learn more about the Home Loans we offer.

Apply for a home loan

To apply, you must submit the names, social security numbers, and the monthly income of all applicants, the subject property address, and the estimated value of the property being purchased. During the application process, the amount of the loan and the down payment are determined by you.

Processing and Underwriting

After you submit all of the documents, your Mortgage Loan Originator submits them to Processing. The Loan Processor puts all these items together, orders a title search, helps schedule an appraiser to determine the value of the property, and then sends the application to Underwriting

In the Underwriting process, the lender determines whether the consumer qualifies for the loan based on all of the documents submitted in processing. The factors used to establish eligibility include the consumer’s credit report, their capacity to make payments on the loan based on their debt-to-income ratio, the value of the property in comparison to the amount being borrowed, and their capital.

Once the Underwriter grants approval, a clear-to-close is processed and the settlement date can be scheduled.

Closing

The closing on a loan is where all the necessary paperwork is presented and signed by both the sellers and the buyers.

Refinance

Find the best loan product for you

Selecting the right loan product for you is very important in the mortgage process. You may be choosing between a fixed or adjustable-rate mortgage, and you may consider a conventional or government mortgage loan programs like FHA, VA, or USDA. We have a variety of loan products to meet your needs.

Apply for a home loan

To apply, you must submit the names, social security numbers, and the monthly income of all applicants, the subject property address, and the estimated value of the property being purchased. During the application process, the amount of the loan and the down payment are determined by you.

Processing and Underwriting

After you submit all of the documents, your Mortgage Loan Originator submits them to Processing. The Loan Processor puts all these items together, orders a title search, helps schedule an appraiser to determine the value of the property, and then sends the application to Underwriting

In the Underwriting process, the lender determines whether the consumer qualifies for the loan based on all of the documents submitted in processing. The factors used to establish eligibility include the consumer’s credit report, their capacity to make payments on the loan based on their debt-to-income ratio, the value of the property in comparison to the amount being borrowed, and their capital.

Once the Underwriter grants approval, a clear-to-close is processed and the settlement date can be scheduled.

Closing

The closing on a loan is where all the necessary paperwork is presented and signed by person(s) refinancing the property.