Loan Process
As you can see the many different loans to choose from when selecting a mortgage for your home. We suggest that you speak to a loan specialist before deciding which loan is right for you. After you know what type of mortgage you are looking for, you will have to follow the loan process in order to obtain your loan. The following is an overview of the mortgage loan process and outlines what will happen in each step and your role in obtaining a loan.

1. Loan Application
To apply in person, a loan officer will assist you with your loan application and help you determine which financing program best meets your needs. Remember to bring the items shown on the Mortgage Checklist to the loan application meeting.

2. Loan Processing
Once your loan application is complete it will be verified to make sure that the documentation such as bank statements and pay stubs match what has been recorded on the loan application. A verbal employment verification, credit reports and obtaining an appraisal report on your new property will also be done.

3. Preliminary Loan Approval
The lender’s goal is to provide you with a preliminary loan decision shortly after you've submitted your application. The timing depends on you providing all required documentation as outlined in the Mortgage Checklist as well as the receipt of a satisfactory credit report. Your preliminary approval will be based on the information your lender has at the time of loan application, and can be affected by changes in credit, income, job status and assets.