Mortgage Loan Process

Buying a home may be the biggest investment you ever make in your life. Whether you are buying or building a home, there are some documents you will need to provide, as well as some financial numbers to consider. Remember, we’re here to partner with you throughout the entire process.


Pre-qualification

For starters, we will review your credit history and debt-to-income ratio. We recommend your future housing payment totals no more than 28 percent of your current monthly gross income.

Be prepared to provide your basic debt, income and asset information. This may include:

Current paystubs | Tax returns

Statements on asset accounts | W-2s

Once we have determined how much you are pre-qualified to borrow, we will help you decide on the loan solution that’s right for you.


Buying a Home

Now it’s time to put an offer on a home. Once your offer has been accepted, you will provide your lender a copy of the fully executed purchase agreement. From there, an inspection and appraisal will be scheduled, and prepare for closing.


Building a Home

Meet with your builder to discuss the budget for your new home. 

Get a signed construction or purchase contract with your builder that includes cost of construction and land, as well as start and completion dates.

A construction loan usually includes a 12-month construction phase loan with interest-only payments. You will be put on a disbursement schedule that follows the project’s construction stages. After construction, you will receive a certificate-of-occupancy, and your loan will typically roll over into a conventional mortgage.