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Loan
Process
1 - ORGANIZE YOUR
DOCUMENTS
Complete and sign the residential loan application, Form
1003
Depending on the type of loan you qualify for, we may be
asking you for some or all of the following:
- W-2s and paystubs
- Tax returns
- Proof of citizenship or residency
- Bank Statements
2 - GET QUALIFIED
After sending us your application, we will be able to
pre-qualify you with the amount that best suits you. A
Pre-Approval may be issued later in the process.
3 - COMPARE LOAN PROGRAMS
What loan program is best for your situation?
- Think about how long you plan to keep the loan
- Understand the relationship between rates and points
- Compare different loan programs (Use our calculators)
4 - OBTAIN LOAN APPROVAL
At this stage, we verify all of your information for
accuracy and are able to determine with certainty that you
qualify for the loan. This is also called the underwriting
stage or Pre-Approval.
5 - CLOSE THE LOAN
After your loan is approved, you will be required to sign
the final loan documents.
This will normally take place in the presence of a notary
public. Be prepared to:
- Bring a cashier’s check for your down payment and closing
costs if required.
- Review the final loan documents.
- Make sure that the interest
rate and loan terms are agreeable.
- Sign the loan documents.
- The notary will require that
you have your picture ID with you.
- Some lenders also require to
see your Social Security card.
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