No doubt, quite a lot involved in order to get a mortgage loan. You would not be looking up loan information if you could get a mortgage loan in a single day by filling out a simple application. We do the heavy lifting for you, so you can concentrate on what’s important — preparing to move into your new home or saving money.
There are four primary steps involved in getting a mortgage loan.
Step one: Decide on your maximum loan amount
This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment amount using the calculators on our website. We’ll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step two: pre-qualify for your loan
This step is where Financial Capital Funding Group, LLC will begin saving you money. You will provide info on your current job, assets, and residence history. You’ll give us information on your employment, asset, and residence history. We run your credit score and report. When we review this info we give you a pre-qualification letter. Be careful with this letter — it can be a great tool when you make your offer! Your agent will likely use your pre-qual (as they may call it) in order to make the best offer on the home you choose. While you’re looking for a new home with your REALTOR™, we find the best program for you.
Step three: apply for your loan
Once you have made the offer and the sellers have accepted, it’s time to apply for the loan. Applying for your loan could not be much easier; you can apply from the comfort of your home right here on our site. When the time is right, we will order an appraisal of your new home.
Step four: funding
Your REALTOR® and the sellers will coordinate to find a title company to handle the funding of your loan. We’ll work with this company to ensure all the papers your lender requires are available, and you will likely sign everything at this company’s office. We will coordinate with this company to set your date to close. Since you don’t have to coordinate this process, you get to think about moving logistics, if you’re going to repaint, new carpet, and all the details of getting a new home.
Once you’ve answered a few questions, provided detailed information, and applied online, you’ll be moving in before you know it! We take care of the legwork so you can spend your time finding the new home that’s right for you.