The Mortgage Process

The Mortgage Process

1. Financial Pre-Qualification (Or Pre-Approval)

You will speak to a lender and submit an application for a loan. Usually you will provide pertinent documentation at this time, including verification of employment and a credit report. If you own a home, an appraisal will be scheduled to determine value.

2. Underwriting

Your loan package will be submitted to an underwriter for approval once you have made an offer on your new house. 

3. Loan Approval

Parties are notified of approval and loan documents are completed & sent to title.

4. Title Company

The title exam, insurance, and title survey are conducted. You will provide final signatures here.

5. Funding

The lender will review the loan package and transfer the funds by wire.


So, Why Pre-Qualify?

We recommend our buyers get pre-qualified before beginning their home search. Knowing exactly how much you can comfortably spend on a home reduces the potential frustration of looking at homes beyond your means. When you are ready to write an offer, you won’t have to wait to get pre-qualified before submitting. It also shows the seller that you are serious and you can actually afford their house.


If you have any questions about the mortgage process, feel free to give us a call anytime! 630.984.4701