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Note: The below process assumes the
borrower(s) will be approved for the loan. |
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| STEP
ONE -- Determine how much you can borrow |
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Click Here (or on the
"Pre-Qualification" link in the Home Buying
Center) to find out how much home you can
buy, even before you begin looking. Once
you've answered a few simple questions,
we'll calculate your buying power, based on
standard lender guidelines. |
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| STEP
TWO -- Pre-Qualify and save money |
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| To complete
the pre-qualification step, click on the
Get Pre-Qualification letter button.
You'll need to supply some brief information
about employment, assets, etc. We'll contact
you for authorization to obtain your credit
report. Once we've reviewed this
information, we'll issue your
Pre-Qualification Letter, which gives you
the clout of an "all-cash" buyer. As you
begin looking for a home, we'll begin
looking for the best loan to meet your
specific needs. Your Real Estate Agent will
use your Pre-Qualification Letter to
negotiate the best deal for you.
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| You'll also
be asked to enter a "User ID", so throughout
the loan process you can re-access
information you have already provided. This
saves you from having to input the same data
several times. |
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Important Note: Do not allow anyone
to obtain free credit reports for you.
These reports will have to be obtained later
anyway, which may lower your "credit-risk
score"! This score is extremely important to
your overall credit evaluation in the
underwriting process for your mortgage loan.
To learn more about Credit Risk Scores,
Click Here
|
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| STEP
THREE -- Apply Now! Getting started is easy. |
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| When you've
selected a property and have a contract with
the Seller, the next step is to complete
your loan application, which can be done
easily through our website. Click on the
Shop Rates menu selection (in Free
Services) to learn more about available
loans and current rates, or click on
Apply for a Loan (also in Free Services)
to start your application. |
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| At the
appropriate time we'll order a property
appraisal for you. |
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| STEP
FOUR -- Your Loan is Approved and Funded |
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| Your Real
Estate Agent or the Seller will designate an
Escrow/Title Company to handle the funding
of your loan, along with many other factors
which make your purchase go smoothly.
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| We will
coordinate with the escrow team and you'll
sign the final papers at their office. |
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| Simple,
Straightforward, Cost Effective, and FAST!
|
Easy
Loans