After reviewing the options we have available to help you finance
your home, you can submit a loan application online or in person with our mortgage lending
staff so that we can determine initial credit approval. Follow the steps in the
Once your loan application has been submitted, we're able
to pull a credit report. At that point, we are able to determine a 'credit only' approval
based upon the credit report and information contained in the application.
Within three days of your completed application, disclosures will be
sent to you.
Once you’ve received the disclosures, you will be provided
with a list of documentation needed to process your loan.
Appraisal & Title Insurance:
An appraisal & title insurance will then be ordered
for the property you're looking to purchase. Fees for these items will be collected. This
step can begin during the time your financial information is being gathered.
Once the appraisal/title insurance, along with requested financial
information, is received, the loan is ready to be submitted to underwriting for official
loan approval. Additional conditions may be added at this time.
When all loan conditions are cleared by underwriting, loan documents
are prepared and forwarded to the title company.
Once the title company has received the documents, final closing documents
are prepared by the title company prior to scheduling the appointment for document signing.
Signed documents are returned to the lender. The proceeds of the loan are
disbursed after any applicable rescission period expires.