We’ll get to know you, learn about your goals and dreams for your home purchase journey, gather information about your situation, what is important to you and what you’re looking to accomplish. We’ll go over mortgage programs and rates, your assets and liabilities, and your financial history and answer any questions and or concerns you may have.

Next, we’ll walk you through the process of gathering your documents and filling out your application. Our loan application is done online and very simple and straightforward, however we’re happy to assist you should you need it.

Unlike other companies, we understand that many people don’t like to run a credit check, especially if it can be avoided. We’re different. First, we’ll review your income and assets, verifying your eligibility. Once we’ve covered the basics, and you meet the criteria to be a good loan candidate, we’ll pull your credit report, finalizing your qualification so you can receive your approval letter. Don’t have great credit? Don’t worry, we aren’t all or nothing. We’ll work with you to address any issues that need to be corrected to maximize your chances of success.

Preapproval letter is issued after the examination of your income, assets and credit score. The letter will include what loan programs you could be approved for, how much you can borrow and what your interest rate may be.

With the help of a trusted realtor, you begin looking for THE ONE–the house that will become your home! Next, submit your offer and get your offer accepted. If you need a real estate agent we can refer you to a few knowledgeable realtors that will take good care of you.

This document explains your estimated interest rate, monthly payment, closing costs for your loan, and other important loan details

Once we have all the necessary paperwork and have completed the necessary prequalification steps, we’ll submit your file to the lender. The lender will begin carefully processing and verifying your documents to issue an initial approval. Once deemed acceptable, the loan is marked “approved.”

If you meet the initial requirements, the lender will issue a conditional approval, which means you’re approved as long as you provide further requested documentation. We will work with you to gather any documents
requested from third parties on your behalf and explain which documents are required to be provided by you and how to acquire them.

The property will need to be inspected for potential problems and appraised to assess the value of your intended property. Your realtor will order and schedule the inspection on your behalf and we will order the appraisal through a third party. Once the appraisal is ordered you will receive a link via email to pay for the appraisal; after the payment is made the assigned appraiser will reach out to the homeowner/s in order to schedule a time and gain access to the property to conduct the appraisal.

The lender will conduct a final review for all the requested documents initially and additionally and will issue a final approval, which means we’re ready and clear to close!

The Closing Disclosure will be provided to you about three business days before closing or even prior. It gives you final details about your loan, including loan terms, your estimated monthly payments, and your closing costs.

After the final approval, the title company will schedule a time for you to go in and sign your closing documentations. The title company will also provide payment instructions for your cash to close, which include your down payment, pre-paid items: taxes, insurance and closing fees which include third party fees, such as appraisal, title feel, transfer fee and more.

What are closing fees?

You’ve made it! You’re now a homeowner. Congratulations!