WHAT TO EXPECT DURING THE MORTGAGE LOAN PROCESS

STEP 1: ELECTRONIC LOAN APPLICATION & DOCUMENT PACKAGE

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

STEP 2: LOAN APPROVAL

  • Once your loan application is reviewed, you may be asked to additional documentation.
  • Return the requested 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 needed.
  • The appraisal cost is typically paid 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.

CALL TODAY WITH ANY QUESTIONS (912) 777-7050