Step 1 - Talk to a Loan Officer
Your first step should be to talk to a mortgage loan officer. This professional will help you determine how much you qualify for and your financing options. There are many different loan products available so the loan officer can match your situation to the best loan for you.
Step 2 - Submit an Application
Complete your mortgage application at your convenience through an online application. Most lenders offer on-line applications as an easy place to start. This allows them to get all of the pertinent information directly into their system.
Step 3 - Pre-Approval Letter
Your lender will provide your Realtor with a pre-approval letter to submit with the offer.
*This is important to have ready prior to looking at homes as it will be submitted with the offer and prove to the seller you have the funds ready to purchase the home.
*This is important to have ready prior to looking at homes as it will be submitted with the offer and prove to the seller you have the funds ready to purchase the home.
Step 4 - Work Together Through Final Approval
After your offer is accepted, your loan officer will work closely with you and your Realtor to ensure you move through the process checkpoints to final approval.
Step 5 - Close on your Loan
Prior to loan closing, your loan officer will review the Closing Disclosure with you. This document tells you the exact funds needed and documentation to bring to closing with you.
On closing day the final documents are signed at the title company and you receive keys to your new home!
On closing day the final documents are signed at the title company and you receive keys to your new home!
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