Loan Process

First Step - Estimated Fees & Disclosures

After receiving the contract, we request the estimated fees from your title company. After receiving the fees we schedule an appointment to review the closing fees, your disclosures, and the good faith estimate. We also go over the exact payment and interest rate.

Second Step - Ordering appraisal & Locking Interest Rate

After reviewing your disclosures we are now ready to order your appraisal and lock in your interest rate. At this time we are still gathering all income documentation and reviewing for accuracy.

Third Step - Sending Loan to Underwriter

Once we have received your appraisal and all income documentation is complete we are now ready to send your loan to the underwriting department for review.

Fourth Step - Preparing Your Final Loan Documents

After underwriting review is complete the underwriter will give us a “clear to close” this means that the loan has ben approved and we are ready to close. We then email your loan documents to the title company.

Fifth Step - Signing your Loan Documents

After the title company prepares your loan documents they will give you a call to schedule your loan signing. The final loan signing will be with a notary and will be the final documents to sign before getting your keys.

Sixth Step - Recording & Receiving Your Keys

Once the final documents are signed the title company is ready to record your name on the title with the county. Once the recording is complete your real estate agent will give you your keys and your are now a proud new HOME OWNER!

Keep in mind that your are borrowing a large sum of money and there will be lots and lots of paperwork, however my team is here to guide you through each step and ensure that we close on time. If you have any questions please give us a call. Again, congratulations on your new beginnings!