THE PROCESS OF GETTING A LOAN

PRE-QUALIFICATION

PRE-QUALIFICATION

Getting pre-qualified is the best way to start the process of buying a home. It will tell you precisely how much the lender is willing to let you borrow, and carries a tentative commitment to secure the loan.

PRE-QUALIFICATION
LOAN APPLICATION

LOAN APPLICATION

Provide us with accurate information about your personal finances, including all income, assets, and debt. This will include pay stubs, bank, investment, and retirement account statements; tax returns, etc.

PRE-QUALIFICATION
LOAN APPLICATION
PROCESSING

PROCESSING

A processor will verify the information you've submitted and request any further documentation that may be required to move forward with your loan application. They'll also order an appraisal. If you're refinancing, they'll verify payoff information from your current lender.

PRE-QUALIFICATION
LOAN APPLICATION
PROCESSING
UNDERWRITING

UNDERWRITING

An underwriter will perform final review of all documentation for completeness and accuracy according to our guidelines and make a final decision on your loan application.

PRE-QUALIFICATION
LOAN APPLICATION
PROCESSING
UNDERWRITING
CLOSING

CLOSING

The final loan and escrow documents are signed and prepared for funding.

PRE-QUALIFICATION
LOAN APPLICATION
PROCESSING
UNDERWRITING
CLOSING
FUNDING

FUNDING

Congrats! You’re a homeowner!