Breaking Down The Process
The home loan process can feel overwhelming even if you've experienced it before. Our knowledgeable loan officers will help you along the way by ensuring that you're up to speed throughout the entire process, from pre-approval to closing.
Strategy Session
Prior to house hunting, it's best to connect with our team to get pre-approved for a loan amount. Our loan officers will help you identify which loan program is best for your needs.
During this stage, our loan officer will gather the following information to determine how much you can afford:
- Income
- Assets & Debts of the Borrower
- Credit Report
- W-2 Forms
- Paystubs
- Federal Tax Returns
- Recent Bank Statements
Need A REALTOR® Recommendation?
We have a great partnership with local agents no matter where you're looking! If you need an agent recommendation, just let us know, we would be happy to help.
Start The Process
Based on the home's sale price, term of the loan, buyer's down payment percentage, and the loan's interest rate this calculator can help estimate what you'll need to pay out monthly for your new home. This calculator factors in PMI (Private Mortgage Insurance) for loans with less than a 20% down payment and town property taxes and its effect on the total monthly mortgage payment.
Remember that this calculator is just an estimate and does not measure your actual monthly payments. Contact one of our loan officers today to get pre-approved and get a more accurate assessment of your monthly payments.
We all make mistakes, but let's make sure your home loan isn't one of them. Our experts will make sure to find the perfect loan for you and your needs. Our goal is to provide comfort and ease throughout the entire process. We genuinely want you to be happy even after the loan has closed.
To determine the amount that you can afford in a home, we will use a debt-to-income ratio to calculate the percentage of the pre-tax income you spend on debt. This will include:
- Monthly Housing Costs
- Automobile Payements
- Credit Cards
- Student Debt
- And Any Other Installment Debt
Application & Processing
WHAT HAPPENS WHEN A LOAN GOES "LIVE"?
When you find the property that you are ready to buy, our loan officer will assist you in the completion of a full mortgage loan application while talking you through the various fees and down payment options.
The application will then be submitted to processing where the documents will be reviewed and the appraisals and title examination are ordered.
Next, the loan will be sent to an underwriter who will review and approve the entire loan if it has met compliance.
Homeowners Insurance
With your new home, you'll want to purchase homeowners
insurance. We are affiliated with an insurance company known as
The ART of Insurance that can help you navigate all of your insurance needs.
Reach out to them to receive a quote and find the best rates and
prices for your needs. Click the button below to learn more.
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Closing
It's time to sign and finalize the deal!
Once your loan is approved, don't forget to setup Homeowners Insurance! Your documents will then be sent to the title company where you will sign for your home and pay any remaining costs. Next, the loan is recorded and you get the keys to your new home!
Congratulations homeowner!
Post Closing
You're now a client for life! Even after closing, we will still be here to help you and your family with all of your needs. Should any questions arise, don't hesitate to reach out.
Whether it's shortly after closing or months later, we'd love to help you in any way possible.
WORK WITH THE BEST
Schedule Your First Call Today
Let us help you explore different loan options.