The Loan Process

We understand how many angles you are looking at when it comes to mortgage lending. Here we have tried to simplify the most common steps for the loan process.

The Loan Process

We understand how many angles you are looking at when it comes to mortgage lending. Here we have tried to simplify the most common steps for the loan process.

Steps To The Loan Process

1. APPLICATION

Submit loan application and required documents. Schedule a time to call and/or meet with your loan officer.

2. PRE-APPROVAL

Your loan officer provides a pre-approval letter so you are ready to make an offer when you find the right house to buy.

3. GO HOUSE HUNTING

With a solid price range in established, you and your Realtor will be able to find homes within your price range.

4. MAKE AN OFFER

You found your dream home! Your Realtor will help you to craft an offer. Your pre-approved loan status makes your offer more attractive to the seller. 

5. SELLER ACCEPTS OFFER

Time to inspect and appraise the home & property. Your Realtor schedules an inspection. Your Loan Officer orders the appraisal.

6. SIGN YOUR e-Disclosures

Consent to e-Disclosures, it’s time sensitive! Make sure to sign your e-Disclosures right away to meet your deadlines.

7. LOCK YOUR RATE

You can choose when to lock in your rate depending on the close of escrow and market conditions.

8. APPRAISAL & UNDERWRITING

Once the appraisal is in the loan file, it is submitted to the underwriter for approval. Provide any updated documents if required.

9. CONDITIONAL APPROVAL

Underwriter approves your file and requests any documents required for final approval.

10. FINAL APPROVAL

Documents are sent to the title company. The title company draws the closing documents and settlement statement.

11. DOCUMENTS SIGNING

Documents are sent to the seller for approval while you review the closing documents with your loan officer and schedule signing.

12. HOME SWEET HOME!

Your loan funds the day after you sign. Your Realtor will make arrangements to get the keys to you.