Begin by completing the on-line application.
Confirm EverythingThe application will ask you questions about the home and your finances and takes less than a few minutes to complete. As soon as you've finished lenders review your application and a loan officer will contact you to introduce themselves and to answer any questions you may have. Your loan officer is a mortgage expert and will provide help and guidance along the way.

If your request wasn't approved on-line, they'll ask you for any information required to make a decision about your loan. If you are purchasing a new home, the loan officer will also contact the real estate broker or the seller so that they'll know who to contact with questions.

 
You are sent a mortgage kit.
Prepare The LoanThe application kit will be sent using a one day delivery service and will contain papers for you to sign and a list of items needed to verify the information you provided about your finances during the on-line application. The loan officer will even include a priority mail envelope to make it as easy as possible for you to return the papers.

The loan officer will order the appraisal from a licensed appraiser who is familiar with home values in your area. Depending on your finances and the loan amount requested, different types of appraisals are used. Sometimes the appraiser will need to view the home, sometimes they are able to do their evaluation from the street.

Title insurance will be necessary, if you are purchasing a home your loan officer work with the real estate broker or seller to insure the title work is ordered as soon as possible. If you are refinancing your loan officer take care of ordering the title work for you. They'll use the title insurance policy to confirm the legal status of your property and to prepare the closing documents.

 
You are contacted to coordinate your closing date.
Close It!After the loan officer receives your application kit, the appraisal, and the title work, they'll contact you, the real estate broker and the seller to schedule your loan closing.

The closing will take place at the office of a title company or attorney in your area who will act as an agent. A few days before closing your loan officer will contact you to walk through the final information so that there won't be any surprises at closing.

That's all there is to it! Find a Lender and you will be on your way to the most convenient home loan ever!