STEP 1 - PREQUALIFICATION
If you're purchasing a home, prequalification lets you know the loan amount you qualify for so you can start your search with a realistic budget in mind.
STEP 2 - APPRAISAL
Once you're in contract, we'll order an appraisal of the property you want to buy. We want to make sure you're getting the best value for your money. An appraiser will evaluate the property's size, condition, and location so you can move forward with peace of mind.
STEP 3 - VERIFICATION
We'll verify your employment, credit history, assets, and income to determine your eligibility for a home loan. All being well, you could be on your way to purchasing your home.
STEP 4 - RESULTS
Your loan may be approved with conditions, approved without conditions, or declined at this stage. If you're declined, don't worry! We'll help you identify areas to fix so you can qualify in the future.
STEP 5 - DOCUMENTATION
Once you're approved, your loan documents will be drawn up and sent to a title or escrow company, along with all funds. Now you just have to wait for the documents to be processed and funds to be transferred to close escrow. Are you getting excited?
STEP 6 - CLOSING
Here's the fun part. Once the funds have been transferred and all documents have been completed, the deed to the property is updated and escrow is closed. You can start planning your housewarming party!