A Simplified Loan Process Overview

Step 1: Pre-Approval
We take your full loan application, collect your income and asset documentation, and obtain your credit score & history. This allows us to determine what loan type and loan amount you may qualify for.

Step 2: Shopping
Once you're pre-approved and know your budget, you'll work with a realtor to view homes in your price range until you find the right one and write up an offer!

Step 3: Contract
Your realtor will help you write an offer on a home and negotiate a purchase contract outlining the terms of your purchase. If the seller accepts your offer, we get started on your loan.

Step 4: Inspection
It's recommended to have a home inspector look over the house for potential issues/ upcoming repairs. The inspection results won't be part of the loan process, but can help you negotiate with the seller or decide to walk away.

Step 5: Appraisal
An appraiser inspects the home, looks up data about the property, and compares the home to other similar houses in the area that have sold recently. The appraiser then calculates the market value of the home. To ensure it’s worth what you’re paying for it.

Step 6: Underwriting
An underwriter thoroughly reviews all of your documentation, evaluating Credit, Capacity, and Collateral. Their job is to measure risk and determine your Ability to Repay the money you're borrowing.

Step 7: Conditions
The underwriter will provide a list of conditions to be met for final loan approval. It will include a satisfactory appraisal, locked interest rate, homeowner's insurance & any questions the underwriter has.

Step 8: Signing & Keys
After final loan approval, you'll review the Closing Disclosure and then sign your loan documents. Funds are exchanged, your new property deed is recorded with the county and you get keys to your new home!