Step 1 – Outline your mortgage goals:
The first step in the mortgage process is deciding what your goals will be for this upcoming purchase. Buying a home is likely the single most important financial decision of your life.
Decide what is important for you to attain by the end of the transaction—what purchase price you want to shop for, how much you would like your monthly mortgage payment to be, and your budget for the down payment and closing costs.
Once these figures are assessed, even as a simple estimate, you can begin to build the foundation of your upcoming purchase. This gives your loan agent a clear trajectory to follow to give you the optimal buying experience. You can also get a quick mortgage quote or view our mortgage rate chart to start estimating today.
Step 2 – Get pre-approved and start shopping:
The second step in the mortgage process is your pre-approval. It’s important to get pre-approved early in the mortgage process because a true pre-approval letter shows the seller that your finances are secured with a credible lender and that you are serious about your upcoming purchase.
The pre-approval consultation will help you understand your purchasing power, review your credit report, and educate yourself on how to be in the optimal buying scenario. You’ll see real-life figures on what this mortgage transaction will look like for you.
The appointment takes roughly 30 minutes and there is no cost or obligation. Your Mortgage Consultant will review products, rates, and payments with you. They will also inform you of industry changes and current requirements on mortgage programs—specifically the one you’ll be using. You can schedule your pre-approval consultation here.
From here, the fun begins—you can shop for homes with confidence knowing your lender is ready to handle all your financing needs.
Step 3 – Mortgage processing and underwriting:
In this step, you’ve looked at homes, found one you love, and made a successful offer. Now you’re officially in contract.
We’ll lock your interest rate, provide you with a locked loan package for review, and then submit your loan to underwriting. An underwriter will review your entire purchase scenario from top to bottom.
Once the loan is approved and all conditions are met, we move into the final step: closing. For peace of mind throughout this process, you can also view our Customer Complaint Policy.
Step 4 – Closing escrow and getting the keys to your new home:
The final step in the mortgage process is closing escrow—easily the most exciting part!
Our closing team will coordinate final loan documents with the local title/escrow company, prepare the closing disclosures, and confirm final fees. You’ll receive your final cost to close, which we will have estimated ahead of time, and you’ll bring your certified or wired funds to the closing to sign the mortgage documents.
Once signing is complete, the settlement office will notify your closer, the loan will be funded, and then recorded.