Loan Process
-
Understand your Financing Eligibility
The first step in obtaining a loan is to figure out how much you can borrow. By answering a few simple questions, we can calculate your buying power based on standard lender guidelines.
Click here to Pre-Qualify
-
Select the Right Loan Program
Whether you are buying a home or refinancing, there are 2 basic types of home loans. Each has different reasons you’d choose them.
- Fixed Rate Mortgage: Fixed rate mortgages are the ones with fixed installment through the loan term.
- Adjustable Rate Mortgage: Like the name suggests, Adjustable Rate Mortgages (often called ARMs) are the ones in which the installment varies/adjusted based on the change in the rate.
-
Apply For a Loan
-
Begin Loan Processing
In general, approval is based on two factors: your ability and willingness to repay the loan and the value of the property.
-
Close Your Loan
After your loan is approved, you are ready to sign the final loan documents. Review the final document to verify that all personal information and terms are correct on the documents before signing.
Your loan will normally close shortly after you have signed the loan documents. On owner occupied refinance loan transactions, federal law requires that you have 3 days to review the documents before your loan transaction can fund.