The Mortgage Process

This part is easy. You answer some questions online in the Mortgage Center. Then you decide on the best loan for you. We provide a variety of loan options based on:

• Your monthly income
• How much you owe
• How much you want to spend on your new house, or if you're refinancing, how much do you still owe
• How much you have to put down
• How long you're planning to stay in your new home
• How much flexibility you have with your monthly payments

You will be able to preview a variety of loan programs and pricing options. For your information on total costs, you can use the Estimated Closing Costs tools to view the costs associated with a specific loan program. If you have any questions, just give us a call. Don't worry, we can help, just Contact Us.

We've pared our loan application down to only the most essential information. Here's what we need to know:

• Borrower Information - The basics about you.
• Property Information - The basics about the property you want to finance.
• Income - What you make.
• Assets - The assets you plan to use for the down payment and closing costs.
• Liabilities - What you owe and to whom. We will run a credit report to confirm liabilities and fill in that section of the application for you. (You'll have a chance to review and make any corrections.)
• Declarations - A few more questions to complete your application.

In many cases, we can immediately credit-approve your loan request. This is a true underwriting analysis, not just a pre-qualification typically offered by other lenders. It approves a specific loan amount and loan program based on your income and debts. It is, however, legally subject to underwriting the home you are financing and verification of the information you've provided to us on your application.

When we process your loan, we verify the information you've provided to us on your loan application. We will request minimum documentation to verify assets and income. Your new home, or existing home if you are refinancing, will be reviewed by ordering an appraisal, title report, and flood certification on the home. We also set up escrow for the loan closing and send out applicable disclosures so you have a chance to review them before closing.

Final loan approval involves completing the underwriting of your loan request by verifying the information contained in your loan application and validating the value and condition of the home.  Once we've received and reviewed this information, we will issue a final approval. Then you are ready for closing.

With final loan approval, we prepare the loan documents for you to sign and send them to a closing attorney of your choice.  Closing is a scheduled meeting with this attorney who will explain all of the paperwork and handle any required recordings and property transfers.