The Mortgage Loan Process

Find Out How Much You Can Borrow

Before you start looking at homes, it's important to know how much you can afford. Getting pre-approved strengthens your negotiating position and helps you close faster when you find the right property.

Two key ratios determine your borrowing power:

• LTV (Loan-To-Value) — The loan amount compared to the home's appraised value. A lower LTV often means better rates and terms.
• DTI (Debt-to-Income) — Your total monthly debt payments divided by your gross monthly income. Lenders use this to gauge your ability to manage monthly payments.

Your FICO credit score also plays a major role — a higher score typically unlocks lower interest rates and more loan options.

Select The Right Loan Program

Choosing the right loan program can save you thousands over the life of your mortgage. The two main categories are:

• Fixed Rate — Your interest rate stays the same for the entire loan term. Payments are stable and predictable. Best if you plan to stay in the home for 7 or more years.
• Adjustable Rate (ARM) — Offers a lower initial interest rate for a set period, then adjusts periodically. A good option if you plan to sell or refinance before the fixed period ends.

Beyond rate type, there are many loan programs designed for different situations — from FHA and VA to jumbo and investor loans.

Apply For A Loan

Our online application is quick and easy — most borrowers complete it in under 20 minutes. You'll provide basic information about your income, employment, assets, and the property you're looking to finance.

Once submitted, I'll review your application and reach out to discuss your options and next steps.

Loan Processing

Once your application is submitted, the lender begins verifying all the details. Here's what happens behind the scenes:

• Income & Employment Verification — The lender confirms your income and employment status.
• Credit Check — A full credit report is pulled to evaluate your creditworthiness.
• Asset Evaluation — Bank statements and investment accounts are reviewed to verify funds for down payment and closing costs.
• Property Appraisal — An independent appraiser determines the fair market value of the property.

Close Your Loan

You're almost there! At closing, you'll finalize everything and get the keys to your new home. Here's what to expect:

• Review all final loan documents carefully
• Verify the interest rate and terms match your Loan Estimate
• Sign documents in front of a notary public
• Bring a cashier's check for your down payment and closing costs
• Show proof of your homeowner's insurance policy

Note: If you're refinancing an owner-occupied property, federal law gives you a 3-day right of rescission — a review period to cancel the transaction if you change your mind.