If you’re a qualified homebuyer, this is what you can expect to happen through your home loan approval journey.
1 — Pre-Approval
Knowing what your pre-approved budget is will help you find a home you’ll love in your price range.
2 — Find a Home
Your Lender and Real Estate agent should be in communication regarding your Pre-approval and your buying power. Finding a good realtor is essential in finding the right home that fits your needs!
3 — Get a Home inspection
An inspector will check the property to ensure everything is up to code.
4 — Appraisal
Our processing team will order an appraisal to assess the value of the property.
5 — Full Underwrite
Our underwriters and processing teams aim to complete the entire underwrite in only 7 business days*. Once final approval is reached, there may be a few items requested from you to finalize the approval.
6 — Final Approval
Our closing department will prepare the file for closing.
7 — Closing
The attorney or title company will guide you through signing the final loan file.
8 — Funding
The loan is officially funded and you get to celebrate homeownership!