I.
Select Mortgage Lender
Programs differ; interview several. Homeadvisor Realty
can help!
II. Be Prepared
Use the checklist below to help you gather necessary
information before you apply.
III. Pre-qualification: Determines
buying power; price range
IV. Application -- Loan Officer
Outlines your financial requirements; helps determine
the right mortgage plan for you; helps complete the
application forms.
V. Processing -- Loan Processor
Your primary contact gathers information; works with
appraisers and credit agencies; keeps you updated on
loan status.
VI. Processing -- Underwriter
Reviews all information and makes a decision on your
loan.
Loan Approval Time: 2 to 4 weeks
VII. Closing
Your Loan Processor communicates the loan decision;
tells you if additional information is required before
closing; coordinates closing with your Exclusive Buyer's
Agent.
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