What To Expect

What to Expect of the Loan Process

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You will be working closely with your loan officer so please respond with what they ask for as soon as possible 

to help the loan process go more smoothly and quickly.


 1.   Once you have agreed on the loan terms, your interest rate will be locked and you will e-sign initial loan       disclosures.

  1. 2.  The appraisal will be ordered (if it is required).

  2. 3.  Your loan documents will be reviewed by an underwriter who then may request that you provide additional documents.

  3. 4.  When all conditions for complete loan approval have been met, your closing will be scheduled.

  4. 5.  Funding of the loan is the same day for purchases and the fourth business day afterward for refinances.

  5.  

NOTE: The loan is a moving process whereby many numbers (other than loan amount and interest rate) go from being a best estimate in the beginning to exact figures at the end, once all of the information has come in from all sources (I.e. third party companies such as insurance, title and county). Don’t be surprised if you receive multiple updates on your loan — it is a good thing!