1. Application - we offer you the following mortgage
application choices:
- You can call (858) 405-6117 and speak with one of our Home
Loan Experts, where we'll provide you with several mortgage
options based on YOUR financial goals and dreams
- You can apply online
at this web site
- You can make an appointment to complete the application in
our office
- We can come to your preferred location and complete the application
(a $75.00 application fee applies which will be credited toward
closing costs)
- You can request an application package by mail
Upon completion of your application we'll send you a Good Faith
Estimate (GFE), a Federal Truth-in-Lending Disclosure statement
(required by the federal Government), and a list of documentation
required to expedite the processing and conditional approval of
your loan. You will be requested to return these documents in a
timely manner by mail.
2. Processing - Once we receive your application we'll look
over your file based on all of the information you entered and determine
if any documents are missing and/or needed. Your credit report will
be pulled (we will give you a copy) and an appraiser in your local
area will be commissioned to appraise the property. We will assign
a processing agent to your file acting as your point of contact
for any questions relating to your loan. Once we receive your completed
application and/or supporting documents, the file will be submitted
to underwriting for approval.
3. Underwriting - The lender's decision to approve or deny
a loan is based upon several basic factors: credit score, income,
debt to income ratio, cash, savings and/or property appraisal. The
underwriting process typically takes 24 to 48 hours. If any challenges
arise during the lender underwriting process we will immediately
contact you to discuss how we can best overcome and satisfy the
underwriting conditions.
4. Closing - After your loan has been approved, we will have
the closing documents prepared and sent to escrow. Closing usually
occurs within three days of approval unless you or the contract
calls for a later date. When choosing to sign the loan documents
you have several options; you can sign in the escrow office, we
can send a notary to you, or if you're out of town, we'll Fed Ex
the documents and also arrange a notary at your location (within
the US).
For more details please view
Should
you choose an adjustable or fixed mortgage?
If you have any questions, we'll be glad to explain any part of
the Mortgage Process with you.