The mortgage process can seem overwhelming, especially to someone who has never been through it. Below is a quick run-through of the process, just so you'll know what to expect. Throughout the process we are there to answer your questions and make sure you know what's going on.

Step One: The application process
1 - 5 days
First we will review your situation and goals. We will answer all of your questions that may come up. Then we gather all the documentation needed for you to get you a loan. The typical documentation includes:

1. Past two years' W-2 forms
2. Current pay stubs for one month
3. Most recent 401k, IRA, Stocks/Bonds Statements
4. Two months of recent bank statements
5. Current Mortgage or Rental info
6. Insurance agent Name & Number
7. Copy of your Driver's license

Tip: This step can really speed along if you keep good records.

Step Two: Getting the loan approved
1 - 5 days
Our job is to find the right loan for you from the many sources we have. We look over all of your information and determine the best course of action to get you approved. Our team works closely with the lenders to smooth out the process.

Tip: You need to be prepared for any requests by the lender for information. Third parties such as employers and landlords can slow us down here.

Step Three: Finding your dream home
Days to weeks
With the loan approval process complete, you know how much house you can afford. Now it's time to look for a home. You'll make an offer, then, once your offer is accepted, a closing date will be set and it's time to think about locking your rate in. Get the home inspected and negotiate with the seller to get any problems fixed. Then we get an appraisal completed.

Tip: Don't rush too much here. It's important to find the right house.

Step Four: Signing for your home
1 - 2 days
A few days before the scheduled closing date, the escrow company will receive your loan documents and prepare them for you and the seller's signatures. They coordinate between all the parties such as the seller, the seller's mortgage holder, and you - and make sure the money goes where it's supposed to.

Tip: You won't get much advance notice here, so be ready for the escrow company's call.

Step Five: Shangri-La
1 - 2 days
After the documents have been signed, they are returned to the lender for review. The lender then authorizes the funding of the loan. The money changes hands, your name is recorded at the county courthouse, and the house is yours!

Tip: Rarely does anything go awry here, but if it does, we'll be at your side To make sure it gets taken care of.

TIME TO CELEBRATE!

More Helpful Tips

• Fill out the loan application completely.
• Respond promptly to any requests for additional documents. This is especially critical if your rate is locked.
• Do not make any major purchases. Do not buy a car, furniture or another house till your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application.
• Do not move money into your bank accounts. If you are receiving money from friends, family or other relatives, please contact us.
• Stay in town around the closing date.