1. Pre-Qualification

We start the process by learning your goals. This is also when you tell us about your financial situation, the type of mortgage you're looking for and your price range for a new home.

HELPFUL TIP: Before you start house hunting, be sure you get pre-qualified.

2. Application

On the application, you provide details about your job, income, debts, assets, and credit. We may ask you for documents like tax returns and payroll stubs and we will need a copy of your offer to purchase the home.

HELPFUL TIP: The more detail you provide, the quicker the application process will go. 

3. Appraisal and Credit Report

After we have all the information we need, we will make the final decision about approving your loan. At this point, you can choose to lock into a rate or wait to see if the rate changes.

HELPFUL TIP: Final approval is based on a completed application, acceptable appraisal, and no change in financial position. 

4. Final Underwriting and Approval

After we have all the information we need, we will make the final decision about approving your loan. At this point, you can choose to lock into a rate or wait to see if the rate changes.

HELPFUL TIP: Final approval is based on a completed application, acceptable appraisal, and no change in financial position. 

5. Closing

At the closing, you will be expected to pay the down payment and sign all forms related to the purchase and loan. Most closings are done at either the bank or title company.

HELPFUL TIP: Have your real estate agent present at the closing to address any last-minute questions.