at Cardinal Financial Company, Limited Partnership NMLS #66247
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