Lending Process

  1. Overview
  2. Lending Process

My loan is pre-approved, now what?

Now the fun begins! You and your realtor can begin your home search with the confidence of knowing that you are fully qualified for the price range in which you are looking. During ...

How long does the loan process take?

This depends on several factors including the type of loan and contract closing date (purchases). Some loans close as quickly as 21 days while others take longer. The average loan ...

Should I be prepared to pay anything at close other than the down payment?

The simple answer is YES.Closing costs (which are all fees and costs above and beyond your down payment) are a part of any purchase or refinance. The amount will vary depending on ...

What is Loan Approval?

Once the underwriter has reviewed all your information and everything looks good, you will receive an approval letter verifying your eligibility for to a specified loan amount and ...

How long is my pre-approval valid?

Pre-approvals are valid for 90 days. Updating your pre-approval is quick and easy. Since we already have most of your documentation, we will simply need to obtain updated pay-stubs ...

What is a Loan Application?

A loan application is completed when you apply for a home loan. Your loan application provides us with important information about your residence, employment history and finances s ...

What is Loan Closing?

Closing a home loan is the last step in buying a home. Once both parties involved in the transaction agree and sign closing documents, the funds will be distributed, the title tran ...

What is Loan Underwriting?

Underwriting means that an underwriter will look at your loan application, credit report, income and other financial information and determine whether you qualify for the home loan ...

What is Loan Processing?

Processing a loan means that your loan application and all necessary paperwork is being sent to an Investor for review. Your Loan Processor is the liaison between you and the inves ...

What documentation do I need to provide to get pre-approved?

In addition to an online application, our secure site allows for clients to upload the documentation we will need so that we can finalize a loan decision for you. Please note that ...