THE MORTGAGE PROCESS
Step 1:You meet with (or talk to) a loan officer to fill out a loan application, and to discuss your mortgage options. You provide the required documents listed below. Your loan officer will then order a credit report and provide you with a pre-approval letter.
Step 2: Once you have an accepted offer, your application is processed with the documents you’ve provided. Your lender will then order the title work and the appraisal.
Step 3: Your completed title work and appraisal are added to the documents received in Steps 1 & 2. Your information is then sent to the underwriting department. Here, your application will be approved or additional information will be requested by your lender.
Step 4: Upon approval, your information is forwarded to the closing department. Your documents and instructions for the closing department are prepared and then sent to the title company.
Step 5: Your closing takes place on the (scheduled) date agreed upon by all parties. Your final documents are signed and the required funds are then disbursed.
- Last two years of tax returns
- Last two years of W-2s
- Most recent month’s pay stubs
- Most recent bank statements for all accounts
- Social Security number
Our Team’s Preferred Mortgage Professionals:
Homes Mortgages with John Roehrich
AMEC Home Loans with Reyna Rousseau