1. Pre‑Qualification
Before the official loan process begins, we review your income, debts, and overall financial picture to estimate how much home you can comfortably afford. This step helps you shop with confidence — or, if refinancing, decide whether a refinance makes financial sense.
2. Application
Once you’ve found a home (or decided to refinance), we complete your mortgage application and gather the required documentation. During this stage, we also review:
- Loan programs
- Down payment options
- Estimated fees and costs
Within three days, you receive:
- Loan Estimate (LE) – projected rates and costs
- Initial disclosures – outlining loan terms and consumer protections
3. Processing
Your application is submitted through automated underwriting, and in some cases, manual review. Our processing team:
- Verifies employment, income, assets, and credit
- Reviews your appraisal and property details
- Requests explanations for any credit issues
- Ensures your file is complete and ready for underwriting
The goal: build a clean, accurate package for the underwriter.
4. Underwriting
The underwriter evaluates your full file to ensure it meets loan guidelines. They may:
- Approve the loan
- Request additional documentation (conditions)
- Place the file in suspense until items are provided
Once approved, the lender issues a conditional commitment and orders title work. We work with you to clear all conditions quickly and smoothly.
5. Closing
After all conditions are satisfied, your loan receives final approval. At closing:
- The lender funds the loan
- The closing agent disburses funds
- Title transfers to you (for purchases)
- Your refinance becomes official
Depending on your state, closings may occur at a title company, attorney’s office, or even in the comfort of your home.