The Mortgage and Loan Process

1. Financial prequalification or preapproval
  • Application and interview
  • Buyer provides pertinent documentation including verification of employment
  • Credit report is requested
  • Appraisal scheduled for current home owned, if any
2. Underwriting
  • Loan package is submitted to underwriter for approval
3. Loan approval
  • Parties are notified of approval
  • Loan documents are completed and sent to title
4. Title company
  • Title exam, insurance and title survey conducted
  • Borrowers come in for final signatures
5. Funding

  • Lender reviews the loan package
  • Funds are transferred by wire
Why prequalify?
We recommend our buyers get prequalified before beginning their home search. Knowing exactly how much you can comfortably spend on a home reduces the potential frustration of looking at homes beyond your means.