Mortgage Loan Process

1 Application is Taken

Our first step is to take your initial information online. We'll order a credit report and review your application before sending you a list of the documentation we will need to determine what you can be approved for. At this point, we can choose the right loan program to fit your long- and short-term financial needs.

2 Pre-Approval

Our goal is to have your loan "pre-approved" in 24 hours. A pre-approval letter will be sent to your realtor upon request.

3 Loan Package

Once you have a signed contract, we will work up and send to you a loan package. This is where you start signing paperwork! Upon receipt of your documentation, we will review the materials for completeness to ensure no additional information is required.

4 Order Documentation

Once the property passes inspection, the appraisal is ordered. During this time your employment history, funds available and mortgage or rental history are verified.

5 Review Documentation

Upon receipt of your documentation, we will review the materials for completeness to ensure no additional information is required. Your interest rate may be locked at this time.

6 Submit Your Loan

Once we've received and reviewed all the necessary documentation, your loan package is submitted to our underwriter for full approval.

7 Loan Approval

You will be notified when your loan is approved. Any remaining conditions must be received prior to the loan closing. Once all conditions are received, you are clear-to-close!

8 Draw Documents

Approximately 24 to 72 hours prior to closing, our closing department delivers all the necessary documents to the attorney. A preliminary closing statement is received from the attorney's office indicating funds needed for closing. The closing statement is forwarded to all parties. We'll check with you one last time to make sure you have everything you need at the closing, and the funds are wired to the attorney.

9 Sign Documents

You will meet with the property seller at the attorney's office to sign the closing documents and distribute checks. The keys to the property are handed over to you, and you have become a successful homeowner!

10 Transaction is "Closed"

The closing attorney then records the note and deed of trust at the county recorder's office. This officially ends the closing process with the security for your loan becoming a matter of public record.