Home Loan Process
Whether you’re a first-time homebuyer or a seasoned pro, it might be helpful to brush up on the mortgage lending process. We’re here every step of the way to help.
Contact Realtor, shop for a
house, and extend an offer to
purchase on your dream home
accepted to finalize your loan application
appraisal, and flood certification
updates on your appraisal
and work to approve loan for closing
(additional items may be requested)
Preview e-sign documents and
electronically sign them up to three
days prior to the closing date
At closing, you will finalize remaining
documentation and receive your keys
Getting pre-approved is the first step in the home loan process. While you may have an idea of what your budget for a new house is, getting pre-approved is the only way to know for sure how much of a mortgage loan you’re eligible for. To get pre-approved, you’ll complete a mortgage application and provide your loan originator with some documents so they can review your financial situation.
Before you move into your new home, it is generally recommended to get an inspection. This is just the process of a professional coming in to make sure everything is in tip-top shape. It's often a good idea to get a home inspection before you officially sign on the dotted line (sometime shortly after your offer is accepted) so you can more accurately determine the property's condition. Your inspector will review things like the roof, plumbing, foundation, and more, ensuring that the home you're moving into doesn't have any unknown issues.
When you purchase a new home, you are required to get title insurance, which protects you in case any unknown issues arise that may affect the property. This can’t be issued until after you close and the home becomes yours, so before you actually buy the house the title company issues a “title commitment,” ensuring they’ll provide title insurance once the home is in your name.
Underwriting is the process of reviewing your mortgage application and documentation to determine if you’re eligible for a certain loan amount or loan program. Our team of expert underwriters will examine all the pieces of your financial puzzle to verify that you’re a candidate for the loan. Simply put, we’re making sure you’re in a position to pay the loan back.
The closing disclosure is a packet that outlines every detail of your mortgage loan, including the term of your loan, interest rate, projected monthly payments, any fees you’re responsible for, etc. It’s important you review this before you get to the closing table so you know exactly what you’re signing on for.