We’ll connect you with mortgage professionals to explain your financing options, whether you’re buying for the first time or investing.
The Mortgage Loan Process: Step-by-Step
- Pre-Approval: Gives you a clear picture of your buying power and shows sellers you’re serious. Lenders review your credit, income, and debt ratio.
- Loan Application: Once under contract, submit a full application with documents like W-2s, bank statements, and tax returns.
- Loan Processing & Underwriting: The lender verifies your documents and orders an appraisal. The underwriter assesses everything.
- Conditional Approval: Additional documents may be requested before final approval is issued.
- Closing: You sign final documents, pay closing costs, and receive the keys to your new home.
Types of Home Loans
Ideal for buyers with strong credit and down payments of at least 3–20%. Not government-backed and offer flexible terms.
Great for first-time buyers or those with lower credit. Require as little as 3.5% down, backed by the Federal Housing Administration.
For eligible veterans and active-duty service members. Require no down payment or private mortgage insurance.
Available for eligible rural and suburban buyers. Offer 100% financing and low interest rates.
For high-value properties exceeding conforming limits. Require higher credit scores and larger down payments.
Choosing the Right Lender
Selecting a lender is just as important as finding the right home. Look for transparency, responsiveness, and clear explanations. Always compare rates, fees, and loan options—small differences can lead to big savings over time.
Ready to Take the Next Step?
We’re here to guide you through every stage of the mortgage process. Whether buying your first home or building your investment portfolio, we’ll connect you with mortgage professionals who can help you succeed.
Need help or have questions?
Reach outto us and we’ll connect you with trusted lenders: