Home Loan Process

5 Easy Steps

Step 1

Get pre-qualified. You can do this by contacting one of our Loan Officers or by choosing to get pre-qualified through our website. A loan officer reviews your income, assets, runs a credit report and determines whether you qualify for a loan, and what options you may have. From there, they will provide you a pre-approval letter if needed, and provide you a checklist of the documentation we need from you.

Step 2

Find your home. After getting a contract on a property, one of our loan processors will prepare pre-disclosures and send them to you for electronic signatures. Please sign as soon as you can. This allows us to continue processing your loan. We also order an appraisal and title work, verify your employment and bank account balances, and coordinate with your insurance company to have insurance in place at closing.

Step 3

Getting approval. When we have all the information we need, we underwrite your loan. This means we review everything to make sure it is within our policies and the guidelines we follow. Assuming it is, your loan processor will coordinate with the title company to ensure their numbers match ours, and set up a time for closing your loan.

Step 4

Preparing For Closing. Your loan processor will send you a Closing Disclosure three days before closing. It’s important that you respond, acknowledging you received it. This disclosure shows your interest rate, payment amount, how much you need to bring for closing and the closing costs. Please review the disclosure ahead of time and feel free to ask your loan officer or loan processor any questions you may have.

Step 5

It’s closing time!!! Don’t forget to bring your cashiers check if needed. You’ll sign papers with the title company and then you’re good to go!

A Few Do's and Don’ts

• DO keep making your current loan payments
• DO send your processor or loan officer the items on the checklist as soon as you can
• DO communicate with the appraiser to get your appraisal scheduled
• DON’T change jobs
• DON’T take out any new loans
• DON’T apply for any new credit cards

Hopefully outlining these steps will help you know what to expect. Our loan officers and processors look forward to helping you through this process!