The Mortgage and Loan Process

Funding Your Home Purchase

Why pre-qualify?

We recommend our buyers get pre-qualified before beginning their home search. Knowing exactly how much you can comfortably spend on a home reduces the potential frustration of looking at homes beyond your means.

1. Financial pre-qualification or pre-approval

  • Application and interview
  • Buyer provides pertinent documentation, including verification of employment
  • Credit report is requested
  • Appraisal scheduled for current home owned, if any

2. Underwriting

  • Loan package is submitted to underwriter for approval

3. Loan approval

  • Parties are notified of approval
  • Loan documents are completed and sent to title

4. Title company

  • Title exam, insurance and title survey conducted
  • Borrowers come in for final signatures

5. Funding

  • Lender reviews the loan package
  • Funds are transferred by wire

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