The Loan Process

Purchase

  • Pre-Approval
    • To get pre-approved for a loan fill out the Mortgage Questionnaire, we will check your credit and review your financial and employment history. It’s our goal to estimate what you might be able to afford and the loan amount you could realistically pay back.
  • Find the Right Home
    • Now that you know how much of a home you can afford, it’s time to begin your home search. Compile a list of wants and needs to map out your goals and manage your expectations. Communicate this list to your loan officer and real estate agent. If you need help finding a real estate agent, we have connections!
  • Gather Documents for Application
    • You’ll need to provide several different forms of documentation so we can get started on your loan paperwork. A general list of documents are:
      • Tax Returns- last two years
      • W2s- last two years
      • Pay Stub- last 30 days
      • Bank Statements- last two months
      • Drivers License
    • There may be additional documents needed depending on your application
  • Secure Your Rate & Lock Your Loan
    • Once you’ve found your home, we’ll set a lock period to secure your rate and schedule your home appraisal and/or inspection. At this point, your loan will be assigned to our processor who will get your loan to the finish line.
  • Processing
    • Your processor will submit your loan to underwriting and issue your conditional approval letter. Once your loan is approved, you’ll schedule a closing appointment to sign the final documents
  • The Closing Table
    • Just show up and be ready to sign! Your closing package will be waiting for you to review with a notary. Bring your drivers license and the necessary funding to complete the transaction.
  • Welcome Home
    • Congratulations, you have the keys to your new home!

Refinance

  • Begin your Application
    • To begin, fill out the Mortgage Questionnaire. We will review your financial, employment history and check your credit. It’s our goal to understand what you can afford and the loan amount you will be able to pay back
  • Gather Documents for Application
    • You will need to provide a few forms of documentation so we can get started on your loan paperwork. A general list of documents are:
      • Tax Returns- last two years
      • W2s- last two years
      • Pay Stub- last 30 days
      • Drivers License
      • Mortgage Statement- most recent
      • Homeowners Insurance- current policy
      • Homeowners Association (if applicable)- monthly stub
    • There maybe additional documents needed depending on your application
  • Secure Your Rate & Lock Your Loan
    • Now, we will secure your rate. We will also work with you on scheduling your home appraisal. At this point, your loan will be assigned to our processor who will get your loan to the finish line.
  • Processing
    • Your processor will submit your loan to underwriting and issue your conditional approval letter. Once your loan is approved, you will schedule a closing appoint to sign the final documents.
  • Closing
    • Your closing package will be sent to your electronically for you to review before your closing appointment
  • You’re All Set
    • Congratulations!