What to Expect During the Loan Process

STEP 1: ELECTRONIC LOAN APPLICATION AND DOCUMENT PACKAGE

  • You’ll receive a secure link to E-Sign your documents, saving you valuable time.
  • A Loan Estimate is included in this package. This is an itemized list of the fees for your home loan transaction.

STEP 2: LOAN APPROVAL

  • Once your loan application is reviewed, you may be asked for additional
    documentation.
  • Return the documentation as quickly as possible.

STEP 3: APPRAISAL

  • A licensed appraiser will need to inspect the property and determine a value. (if your loan application receives a Property Inspection Waiver, no appraisal will be need.)
  • The appraisal cost is typically charged to you prior to the inspection.

STEP 4: CLOSING DISCLOSURE

  • This is the final list of fees that you will be charged for your loan.
  • You will receive this document at least three days prior to your closing.

STEP 5: VERBAL VERIFICATION OF EMPLOYMENT

  • A call will be placed to your employer; it’s important they respond promptly.

STEP 6: FINAL CLOSING

  • When your loan is fully approved, your employment has been verified, and you are ready to close on your home, we will schedule a convenient time to sign the final documentation.