How the Loan Process Works

There's little question ; getting a mortgage loan is a complex process. You wouldn't be visiting our site if it were possible to fill out a simple loan app and receive the best loan check cut the same day. But Flat Branch Home Loans does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four primary steps involved in getting a mortgage loan.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This step is where Flat Branch Home Loans can begin saving you money. You will supply details about your employment, your assets, and your residence history. You'll supply your employment, asset, and residence history information. We will pull get your credit report and score (with your permission, of course). When we review all this info we will give you a letter of pre-qualification. Your real estate agent will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

After you've made the offer and the sellers accept it, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our website. After the offer has been accepted and you have submitted your loan application, we will order the professional appraisal on the home.

Step four: funding

Your real estate agent and the seller's will work together to designate a title company to take care of the funding of your loan once it has been approved. We'll work with this company to ensure the papers your lender will require are in order, and you will probably}likely sign all these papers at this company's officeWe do all the work to coordinate with this company to set your date to close. Since you will not have to worry about these details, you can think about the move, if you're going to repaint, carpet, and the fun parts of getting your new home.

You've answered a few questions, given us lots of information, applied online, and Before you know it, you'll be moving in! We take care of the loan details so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call Flat Branch Home Loans at 3173854768. It's our job to answer lending questions, so we're happy to help!