How does the loan process work?
We value your time! Therefore we have made the loan application process as easy and efficient as possible.
- Contact us to take an initial loan application and set up a time and meeting place that’s convenient for you.
- Bring along the requested copied documents, which may include:
- Most recent consecutive thirty days worth of pay stubs.
- W-2’s for the past two years.
- Most recent bank statement (including all pages, even if they are void of account information). An online printed statement works if it includes your name and account number.
- Most recent retirement account statement (if applicable).
- We meet somewhere convenient for you to sign the loan documents. It’s that simple.
What's next?
- The loan application and information is complied and sent to the lender for underwriting review.
- After the information is reviewed, “conditions” are placed on the loan if necessary.
- The conditions are cleared by the processor, loan originator, real estate agent (if applicable) and borrower.
- With final approval you sign your loan documents at escrow. (Bring a cashier's check if needed)
- Escrow sends the signed documents back to the lender for a "final review."
- After final review the lender contacts escrow, giving them permission to fund the loan
- "Runners" are sent up to the county courthouse to "record" the loan documents.
- Congratulations, your loan is complete!
