The Home Loan Process
Apply Now! Getting Started is Easy
When you’ve found the perfect home or just want to get started looking, the time to get pre-approved is now. Sellers expect potential buyers to have a pre-approval in hand when they are ready to make an offer. We offer an online application so you can get started quickly! To get started, select a Full Application or our Short Information Form from the “Apply Online” button above.
Apply Now! Getting Started is Easy
When you’ve found the perfect home and have a contract with the seller, the next step is to complete your home loan application. We offer an online application so you can get started quickly! To get started, select a Full Application or our Short Application from the “Apply Online” button above.
Gather Your Necessary Documents
Generally, you will need to provide the following to your Loan Officer:
- Last 2 years of tax returns with all schedules, W2′s, etc.
- Most recent 30 days of pay stubs
- Most recent 60 days of assets – checking, savings, 401K, etc.
- Copies of any additional documentation as it applies – for example proof of social security or child support if being used for income purposes
Negotiate the Contract with Your Real Estate Agent
Work with your realtor to finalize the contract for your new home and once that is complete, you will forward the contract to your mortgage company and get the home mortgage process started. Now you will begin ordering your inspections, appraisal, etc.
Work through the Loan Process with your Loan Officer
These days the process can be a bit daunting so be prepared for more questions and maybe even providing more documentation to the lender once your loan reaches the underwriting step of the home loan process. It is important to remember that the loan officer is on your side and only trying to get your loan to closing with the least amount of difficulty. Underwriting these days can be stressful and does not always make a lot of sense to the average home buyer. Your loan officer will be glad to answer any questions you may have throughout this process.
The Closing
Once your loan has received a final approval, it is ready to move on to closing. You will coordinate with your realtor and the mortgage company to set a date and time that works for everyone. You will do a final walk through of the home and will typically see a final settlement statement the day before closing. Remember to check with the attorney closing your loan or ask your loan officer to see if you need to get a cashiers check for closing or if you will need to wire your funds for closing. You will sign a lot of paperwork here and get your keys! Congratulations, you are a homeowner!!!