From Application to Closing

Before you begin looking for a home, it's helpful to understand how much you may be able to borrow and what price range may fit your financial situation.

A pre-qualification can provide an initial estimate based on information you provide about your income, assets, debts, and other financial factors. 

A pre-approval generally involves a more detailed review of your financial information and credit. Having a pre-approval before you begin shopping can help you understand your financing options and show sellers that you've taken steps toward securing financing.

Keep in mind that a pre-qualification or pre-approval is not a final loan approval. Final approval is subject to additional requirements, including verification of information, underwriting, and property-related conditions.

Ready to explore your options? Connect with one of our Loan Officers to get started. 

There are a variety of mortgage programs available, and the right option can depend on your financial situation, homebuying goals, and the property you're financing.

Loan programs can differ in areas such as down payment requirements, interest rate structure, mortgage insurance, eligibility requirements, and other terms. Some loans offer a fixed interest rate, while others may have an adjustable rate that can change over time.

Your loan officer can help you compare available options and understand which programs may fit your individual needs and goals.

Want to learn more? Explore our Loan Programs.

Once you're ready to move forward, the next step is to complete your mortgage application. You'll provide information about your income, assets, debts, employment, and other details needed to begin the loan process.

Your loan officer may request additional information or documentation based on your individual situation and loan program. Providing requested information as soon as possible can help keep the process moving.

Ready to apply? Start Your Application

Once your application is submitted, the loan processing stage begins. Your loan processor will review the information and documentation you've provided and may work with you and your loan officer to gather any additional items needed for your loan.

During this stage, information related to your income, employment, assets, debts, credit, and the property may be reviewed and verified. An appraisal may also be ordered when required for the loan.

It's common for additional documentation or clarification to be requested during the mortgage process. Responding promptly can help keep your loan moving forward.

While your loan is in process, it's also important to avoid making significant financial changes without first talking with your loan officer. Changes to your credit, employment, debts, assets, or large purchases may affect your loan.

If you have questions or anticipate a change in your financial situation, contact your loan officer so they can help you understand how it may affect your financing.

Once your loan is approved and the necessary requirements have been completed, you'll prepare to sign your final loan documents.

Before signing, review your loan documents carefully and ask questions about anything you don't understand. Your final documents will include important information about your loan terms, interest rate, monthly payment, and closing costs.

Before closing, you'll receive instructions regarding any funds needed to complete the transaction. Always follow the wiring or payment instructions provided by your closing or settlement professional and verify instructions before sending funds.

Depending on your loan and property, additional items such as proof of homeowners insurance may also be required before closing.

Once the required documents are signed and all closing requirements are satisfied, the loan can proceed to funding and completion.