How the Loan Process Works

Make no mistake, there's a lot to do in oder to get a mortgage. You wouldn't be here on our site if you could fill out a simple loan app and receive an excellent loan funded in one day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

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

Step one: Decide how much you can afford

A couple of factors determine this amount. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This is where the process really begins and you save the most money. You will supply info on your employment, your assets, and your residence history. You'll supply your employment, asset, and residence history information. We will get your credit report and score (only after you give your permission. We will review this information then will provide a letter of pre-qualification. Handle it with care — it is a great tool for buying your new home! With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for the home that's right for you, we're busy finding the loan that's just right for your unique situation.

Step three: apply for your loan

After you've signed an offer and the sellers have accepted, you should apply for the loan. It's very easy, and you can apply online, right here on our site. Finally, we'll order the appraisal of your new home.

Step four: funding

Your REALTOR® and the seller's will work together to decide on a title company to handle the funding of your loan. We'll work with this company to ensure the papers your lender will require are avaiailable, and you'll probably}likely sign everything at this company's officeWe do all the work to coordinate with this company on your date to close. Because you will not need to worry with this coordination, you can concentrate on moving, if you're going to repaint, carpet, and all the details of getting a new home.

You've answered a few questions, provided lots of information, applied , and the next thing you know, you're moving in! We do the legwork so you can spend your time finding your new home.

Have questions about the loan process? Call James M. Dix at 3172889434. James M. Dix answers loan process questions every day.

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.