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.
Get Pre-Approved!
Meeting with your Loan Officer before you start looking for a home to buy is an excellent way of ensuring that not only will the financing process go smoothly, but also the search for what type and size of home may be best suited for you and your affordability. Your lender will take into account everything from credit reports all-the way to W-2 forms, pay stubs, Federal Tax Returns, and recent bank statements. There are many different loan programs, so be sure to check with your lender on what best fits your needs.
We Help You Get The Best Loan
Start The Process
We will help you find the best local loan officer that has the most competitive rates and programs that fits your individual needs. Fill out this form and we will connect you with a few strong lenders today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
