Make no mistake, there's a lot involved in getting a mortgage loan. You wouldn't be here on our website if you could fill out a one-page application and get the best loan for you funded the same day. What we do is most of the heavy lifting for you, so you can concentrate on what's important -- preparing to move into your new home, saving money, or making plans for your home equity line of credit.
There are four main steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.
Step one: determine how much you can borrow
This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? The first part you can get a rough idea of by using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: pre-qualify for your loan
This is where the rubber meets the road and you save the most money. You supply information about your employment, your assets, your residence history, and so on. We get your permission to run your credit score. We will issue you a Pre-Qualification Letter if the requirements are met. Handle it with care -- to a home seller, it's like a suitcase full of cash! Your realty agent will use your Pre-Qual (as they may call it) to make the best offer on the home you choose, and the seller knows you're pre-qualified. It gives you buying clout! And while you're picking out the home that's right for you, we're busy finding the loan that's right for you.
Step three: apply now! We make it easy
Once you've made an offer and it's been accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online, right here at our website. When the time is right, we'll order an appraisal of your new home.
Step four: your loan is funded
Your realty agent and the seller's will work together to designate an escrow/title company to handle the funding of your loan once it's approved. We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.
You've answered a few questions, given us some detailed information, applied online, and next thing you know, you're moving in! We're in the business of mortgage loans -- so we do most of the work. Doesn't that make sense?
Equal Housing Opportunity Lender. Rates and programs subject to change. CA Department of Corporations-916-324-6624. Licensed by CA Dept of Corporations #6072526, CA Dept of Real Estate #10220358, NV Mortgage Lending Division #46, HI Dept of Commerce and Consumer Affairs #1369, MI Dept of Energy, Labor & Economic Growth #FL-0016888 /SR-0016896, OR Division of Finance & Corporate Securities #ML-4896, TX Department of Savings & Mortgage Lending #79566, VA Bureau of Financial Institutions # MC-5238 & MLB -1624, WA Department of Financial Institutions #520-CL-51866, NC Commissioner of Banks #L-148970. The MLS search function is a service of a third party vendor, is offered as a convenience service only, and should not be construed an endorsement of any particular Real Estate company. The accuracy of all information, regardless of source, is not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Use of the MLS search is not to be construed as a commitment to lend.
An overview of the loan process