Application: The borrower submits a formal loan application, providing personal, financial, and property details.
Loan Officer Consultation: A loan officer assists the borrower throughout the application process, offering guidance, answering questions, and helping them understand their options.
Processing: Once the application is submitted, it undergoes processing, during which documents are verified, and the application is prepared for underwriting.
Underwriting: The underwriter evaluates the borrower's application, financial documents, and property details to assess risk and determine loan approval.
Closing Disclosure: After loan approval, the lender provides the borrower with a Closing Disclosure, outlining the final loan terms, closing costs, and other pertinent details.
Signing Day: The borrower reviews and signs the loan documents, typically done at a closing appointment with a notary or attorney.
Funding Day: Once all documents are signed and conditions are met, the lender disburses funds for the loan.
Moving Day: With the loan funded and the property officially theirs, the borrower can move into their new home, marking the completion of the home buying process.
Throughout these stages, we works closely with you, providing support, ensuring compliance with regulations, and facilitating a smooth transaction from application to moving day.
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