Approval Process

What to expect during the loan process for a purchase or refinance:

1. Choose your rate and term.
2. Lock in your interest rate.
3. Sign documents provided by your Loan Officer.
4. Provide the requested items to your Loan Officer for your loan submission.
5. Your loan officer will review your paperwork and submit your loan to the Lender.
6. Once the Lender approves your application, we will order an appraisal, and the appraisal company will set a time with you or the listing contact to go to the property and do a complete review of the home.
7. The Lender’s underwriting team will review your loan submission.
8. The Underwriter sent us conditional approval.
9. We will satisfy as many conditions as possible and order tax transcripts from the IRS, Insurance Verification, Title Work, and Payoffs.
10. We will contact you to request any additional items the Lender has requested.
11. Your conditions will be re-submitted to the Lender.
12. The Lender’s Underwriter will review the conditions provided
13. After all conditions have been met, the Lender will verify employment for all borrowers whose income is used to obtain the loan.
14. The Lender will issue a clear-to-close (CTC)
15. Ou will contact you and your closing attorney to schedule a closing time and location.
16. At closing, you will be asked to bring the necessary items and will sign your loan documents