An overview of the loan process

An overview of the loan process

There's a lot involved in getting a mortgage loan. You wouldn't be here on our website if you could fill out a one-page application and get the best loan for you funded the same day. Kevin Flannery and his team do most of the heavy lifting for you, so you can concentrate on what's important -- preparing to move into your new home, saving money, or making improvements to your home.

There are four main steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.

Step one: determine how much you can borrow

During your initial conversation with Kevin, he will help you to determine how much of a monthly payment can you afford. He'll ask you questions about your credit and employment history, income and debt, and goals. This information gives him an indication of how much a lender will loan you. You can also get a rough idea of what your mortgage payments would be by using the calculators on our website. By the end of your conversation, Kevin will get a good idea of what kind of terms and loan program would be most beneficial to you, based on standard lender guidelines.

Step two: pre-qualify for your loan

If you are looking to purchase a home, this is an important step toward giving you more leverage with a potential seller. You supply information about your employment, your assets, your residence history, and so on. With your permission, Kevin will run your credit score. He'll review all this information with you and then he'll give you a Pre-Qualification Letter. To a home seller, it will give your offer more credibility over someone else's. Your realty agent will use your Pre-Qual (as they may call it) to make the best offer on the home you choose, and the seller knows you're pre-qualified. It gives you buying clout! And while you're picking out the home that's right for you, Kevin is busy finding the loan that's right for you.

Step three: apply now! We make it easy

Once you've made an offer and it's been accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online, right here at our website. When the time is right, Kevin will order an appraisal of your new home.

Step four: your loan is funded

Your realty agent and the seller's will work together to designate an escrow/title company to handle the funding of your loan once it's approved. We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.