No doubt getting a mortgage is a complicated process.
You wouldn't be here on our site if you could complete a simple loan app and receive the best loan options in one day.
Let us do the hard stuff so you can concentrate on what's important — preparing to move into your new home or saving money.
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 abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
This is where the process really begins and you save the most money. You will provide information about your employment, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We get your permission to pull your credit score and report. After we've reviewed the provided information, we'll give you a pre-qualificaiton letter. Be careful with this letter — it is a useful tool for buying your new home! Your REALTOR® will use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for your new home, we're busy finding the loan program that's right for you.
Once you have made the offer and the sellers have accepted, you should apply for the loan. Applying for a loan could not be much easier; you can apply any time right here on our site. After the seller has accepted your offer and you have applied for your loan, we'll order a professional appraisal on the home.
The real estate agents will find an escrow/title company to handle the "funding" and closing of the sale. We'll work with this company to ensure the papers your lender needs are avaiailable, and you'll probably likely sign everything at their office. We do all the work to work with with the title company on your date of closing. Because you won't have to worry with this coordination, you get to think about the move, painting, carpet, and all the details of moving into your new home.
You've answered some few questions, provided detailed information, applied online, and the next thing you know, you're moving in! We do the legwork so you can focus on finding the new home that's right for you.
Have questions about the loan process? Call First Community Mortgage 334-285-8850