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Documents are being gathered to begin the loan application process.
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You are in the process of finding your future home or investment.
Your loan officer will note what forms have been sent or given to you for your signature, and what documents we need from you to begin the mortgage process.
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Your loan officer is currently shopping for the best mortgage options and interest rates for you.
One of the most important steps of the entire process, your loan officer will spend a few days shopping with our source of hundreds of lenders to find the best mortgage options and rates for you. |
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We have sent you your loan breakdown with the best mortgage options.
Please let us know once you have decided which option you have chosen.
Here we wait to hear back from you as to which loan program and interest rate you would like. This step is very significant so if you have any questions whatsoever your loan officer is readily available to answer them and help guide you. |
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Your loan application has been submitted.
We are currently waiting to hear back from the lender for approval.
Your loan officer may provide you with some notes as to what other preliminary documents you may have to prepare once the lender approval arrives. |
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We have received your approval.
We are currently working on gathering all conditions & lender requirements.
Your loan officer will note what additional documents or information the lender requests so that you can prepare them and send them our way. |
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Our lender is working on checking off our conditions.
We are waiting to hear of their progress.
The lender generally takes a few days to review the additional documents and information
provided to them. |
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The lender has checked off all conditions.
They are in the process of sending loan documents to the title company.
Your loan officer will mention what documents you need to bring to your upcoming document signing. |
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The loan documents have arrived at the escrow company.
Your loan officer will be in contact with you to set up an appointment for the loan signing. Your appointment information and escrow agent contact information will appear in the notes or details section once your appointment has been set. |
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The loan documents have been returned to the lender.
The lender is making a final review of the loan.
This may take anywhere from a day to a week, depending on when you need your loan closed. Your loan officer will note whether or not there are any additional requests made from the lender in regards to final documentation or information.
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Congratulations! Your loan is funded!
At this final step you have nothing else to worry about!
You are done and your Realtor will be handing you the keys as soon as the next day. |
