• Finding the Right Home
  • Dream Home Requirements
• Home Purchase Procedure
• Agency Relationships
• The Loan Process
  • Shopping for a Lender
  • Getting Pre-Qualifed
  • What You Will Need
  • Mortgage Calculator
• Ways to Take Title
• After the Closing
• Moving Check List

Stepping Through The Loan Process

Pre-qualified/interview
Application interview
Lender obtains all pertinent documentation

Order documents
Credit report, appraisal on property, verifications of employment, funds, preliminary title report

Loan submission
Loan is submitted and underwritten approval is obtained by computer within a 24 hour period.

Loan approval
Parties are notified of approval

Documentation
Supporting documents come in
Lender checks on any problems
Request for any additional items are made
Loan package is sent to underwriter for final approval and loan documents are drawn and delivered to the title company.

Loan approval
Parties are notified of approval

Documents are drawn
Loan documents are completed & sent to title
Borrowers come in for final signatures

Funding
Lender reviews the loan package
Funds are released
Deed is recorded
Escrow is complete
Keys are released to new owner