Loan Process Overview
What can I expect Next?

During the processing of your transaction, we will also assign a Senior Loan Consultant to your transaction. Your Senior Loan Consultant is available, in addition to Scott, to answer your questions.

We will begin sending out verifications to your employer, previous employers, financial institutions, and creditors.

Your credit report will be ordered as well as the appraisal on the property.

Within 3 days after your loan application you will be mailed a Good Faith Estimate. This document is required by the Federal Government and will provide you with an estimate of your closing costs. These costs include origination fees, discount points, mortgage insurance, title insurance, escrow reserves, hazard insurance and other fees associated with your loan.

You will also be provided during this time a Truth-in-Lending Disclosure statement. This document details the estimated monthly payment for your loan as well as other things such as interest rate and the Annual Percentage Rate (APR). The APR represents the amount of finance charges that you will pay over the life of the loan. APR also includes fees such as the origination fee and other fees. The APR will almost always appear higher than the quoted interest rate.

Once your loan has been approved, we will contact you, the listing agent and the selling agent. We will then want to know the exact date you would like to close on your transaction.

We will send you a weekly status of your loan telling you what is still needed to get your loan approved. We think keeping you informed is very important. Our past customers have said that a great feature of doing business with us is the personal service we provide. See what they have said, you'll be glad we're your lender!