30 year fixed rate financing. 15 year mortgages. Adjustable rates. Interest only. Unique programs designed to accommodate your specific needs and lifestyle. We understand that everyone has a unique financial situation and we are dedicated to providing a vast array of competitive programs to help you find the one that is right for you.
Strong national partnerships allow us to offer competitive finance programs to help you find the one that is best for you. Our preferred lender, will take special steps to provide you the excellent customer service and personal attention you deserve.
The following provides an overview of the mortgage process:
Loan Application
To ensure a smooth and pleasant financing experience, please be prepared to provide the following information required for the loan application. Please remember that additional information may be requested depending upon the financing program you select:
Most recent pay stubs for each borrower
Most recent two years’ W-2s and/or 1099s for
each borrower
Two consecutive months of the most current bank statements as well as investment and retirement accounts
If self-employed, most recent two years’ tax returns and 1040s, W-2s, 1099s or K-1 for each borrower, as well as a year-to-date profit and loss statement.
Credit Report and Property Appraisal
A credit report will be ordered as part of the mortgage application process. An appraisal will also be performed by a licensed Real Estate Appraiser to assess the value of the property you are purchasing with this loan. Costs for these services are included in your mortgage application fee.
Verification
Income, asset and liability information provided on the mortgage loan application will be verified as part of the approval process.
Underwriting Review
An underwriter will review your mortgage application and the information provided by or collected for you and will reach a loan decision based on several factors including income, assets, credit history and property value.
Preparation of closing documents
The closing documents are prepared by the lender’s closing department in coordination with the settlement agent. The settlement agent prepares the final HUD-1 form which is a detailed accounting of the entire financial transaction. At this time, the borrower can be told how much money they will need to bring to closing in addition to the loan amount. The HUD-1 form, along with several other documents, is signed at settlement.
Settlement and Funds Disbursement
Both parties involved in the transaction must sign all the necessary documents. Once this takes place, funds are disbursed to the selling party to complete the sale.
Recordation of the Transaction
The settlement agent notifies the appropriate authorities that there has been a settlement on your property and that a note, mortgage and deed have been executed. These documents serve as security for the lender for the mortgaged property.
Payments
You will receive information from the lender either at settlement or shortly thereafter outlining the ways in which you may make payments on your loan. This may be via a payment coupon book, monthly billing statement, or through automatic withdrawal from your bank account.
