The Loan Process
Obtain Loan Approval
Once your loan application has been received, we will start the loan approval process immediately. This involves verifying your:
To improve your chances of getting a loan approval:
- Credit history
- Employment history
- Current income
- Assets including your bank accounts, stocks, mutual fund and retirement accounts
- Appraisal
- Based on your specific situation, additional documents or verifications may be required.
To improve your chances of getting a loan approval:
- Fill out the loan application completely and accurately.
- Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
- Do not make any major purchases. Do not buy a car, furniture or another house until your loan is closed.
- Anything that causes your debts to increase might have an adverse affect on your current application.
