Our Loan Process

We’ve crafted a targeted strategic process to take you from your first questions to signing the last line on your mortgage. To make sure you feel prepared and confident in your decision, we’ve outlined what you can expect at each stage of your loan journey with us.

Step 1: Discovery Call

This is our initial discussion to talk through your goals, budget, and current mortgage options. We’ll cover your short- and long-term goals, including your general financial plans. We can formulate a plan to leverage your mortgage into your bigger financial strategy. Then we’ll crunch the numbers to get a budget you’re comfortable with.

Step 2: Get Pre-Qualified

Here’s where you’ll complete your full loan application and provide the required documents for loan approval. These documents typically include pay stubs, W2s, bank statements, and tax returns.

Step 3: Find Your New Home

We suspect this will be the most fun step in the process for you. Shopping for a home is exciting! And doing it with the confidence of a strong pre-qualification or pre-approval letter makes it even better.

Step 4: Make an Offer

Once you find the home that checks all the boxes, you’ll make a written offer through your real estate agent. The agent will support you in negotiating for the home to get the best price and terms for you.

Step 5: Go Under Contract

Once you’re under contract, the loan process ramps up with the submission of your loan application and your documents to the lender for a review by the Underwriter.

Step 6: Initial Disclosures

As your loan is registered into the lender’s system, a government required email full of loan disclosures will go to your email. All borrower’s must review and acknowledge the Initial Disclosures before your loan file goes in for the Underwriting review.

Step 7: Approval and Commitment

Once the Underwriter review is complete, a Conditional Loan Approval will be issued as a commitment to lend you the money to buy the home.

Step 8: Order the Home Appraisal

An appraisal will be ordered to determine the fair market value of the home you’re buying. This ensures the home is worth the amount of money the lender is financing on it.

Step 9: Work with Your Loan Officer

Here’s where we will ask for any final loan approval conditions be met. We’ll also keep you updated on your home appraisal so we can get you to the coveted step: Clear To Close (CTC).

Step 10: Ready to Close

Once the CTC is received, final figures for closing will be balanced out between the lender and the title company. A final amount of cash to close from you will be provided a day or two before you are scheduled to close. You can get a cashier’s check, or wire transfet your money to the title company prior to closing.

Step 11: Go To Your Closing

Your closing date will be held at your title company’s office. You’ll visit them to sign your closing documents.

Step 12: Get Your Keys

Once all your “I”s and dotted and “T”s are crossed, the buyer and seller funds have been transferred, and deed recorded, the keys to your new home will be handed over. You’re now a homeowner!

Bonus Step 13: Celebrate

While we can’t make you celebrate, we strongly suggest it taking a moment (or several) to break out the champagne, do a little happy dance, or maybe buy yourself a little treat to commemorate this awesome moment.

Ready to get started?

We’re ready to help you through all the steps in your mortgage journey - even the bonus celebration. Let’s get a chat scheduled to start your exciting path to a new home.