THE PROCESS OF GETTING A LOAN
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.
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.
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.
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.
The final loan and escrow documents are signed and prepared for funding.
Congrats! You’re a homeowner!