Step 1

Pre-Qualification

A quick analysis of your income and debts to determine an approximate loan amount for which you would qualify.

Step 2

Locate Dream Home

Work closely with real estate agent to locate and select dream home. Your agent will then draft and submit offer to listing agent. After offer has been submitted, the listing agent will communicate with real estate agent to confirm if offer is accepted, countered or declined.

Step 3

Processing

Your appointed processor will collect the necessary documentation, order title and appraisal, verify employment, and request any other documentation needed to submit file for underwriting.

Underwriting is the process of reviewing your income, credit file, and the property appraisal to determine the ability and willingness to repay the loan that you are requesting. Underwriting will also assess the condition and value of the property to ensure that it is supported and market value is accurate. 

Step 5

Closing

The act of signing the legal documents to transfer ownership of the property.

Step 7

Possession

With keys in hand, you and your family can move into your dream home.