The Mortgage and Loan Process

Funding Your Home Purchase

1. Financial pre-qualification or pre-approval
Application and interview
Buyers 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 pre-quality?
We recommend our buyers get pre-qualified 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.

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