The Loan Process

📄 1. Loan Application

  • We have a simple and free loan consultation by phone, video, or in person.

  • Complete an easy online mortgage application with us (Click Get Pre-Approved button)

  • We can also take the application by phone.

  • Provide financial documents (income, assets, etc.).

  • We check credit score and debt-to-income ratio.

  • Receive a pre-approval letter indicating how much you can borrow.

🏁 2. Pre-Approved

  • We will go over any costs, payments, and the home purchase process from A to Z to simplify your home purchase and set you up for a smooth home purchase.

  • We will help you choose the best home loan with the lowest rate and payment

🏠 3. Home Shopping & Offer

  • Work with yours or one of our preferred real estate agents to find a home. (Please ask us for a referral, we know the best in the business.)

  • Make an offer and negotiate terms with the seller.

  • Once your offer is accepted, you will sign a purchase agreement.

🧾 4. Loan Processing

  • We will take the new purchase agreement and start processing your loan.

  • We order:

    • Home appraisal

    • Title search

    • Homeowners insurance from an insurance company you choose. (Please ask us for a referral, we work closely with wonderful insurance professionals.)

  • Processor verifies all info and prepares your loan package for underwriting.

🔍 5. Underwriting

  • Underwriter reviews the full loan file for approval.

  • May request additional documentation or clarifications (called "conditions").

✅6. Loan Approval & Clear to Close

  • Once all conditions are met, lender issues a Clear to Close.

  • Closing disclosure is sent (must be reviewed and signed at least 3 days before closing).

🖊️ 7. Closing

  • Sign all final documents (loan, title, escrow).

  • Majority of our loans we have you sign 80% of your loan package electronically which makes closing faster and easier.

  • Often times we can do a full 100% electronic closing remotely if you have to travel.

  • Pay closing costs and down payment (usually via wire transfer or cashier’s check).

  • Loan is funded and recorded.

  • Receive the keys to your new home.

🔑 8. Move In!

  • Move in and unpack your new house to make it your home.

  • Your first mortgage payment is due in 30 to 60 days depending on what day you closed.

  • You always skip the next month’s mortgage payment on a purchase or refinance. Your payment is always due the 2nd month after your home loan closing, unless it’s a refinance where you intentionally want to skip 2 months of payments. Please ask me how to do this.

  • Mortgage payments are always due on the 1st of the month and you always have a 15 day grace period to make your payment on time up to the 15th of each month.