About the Mortgage Loan Process
Shopping for a mortgage? We'd be thrilled to talk about your mortgage needs! Call us at (707) 252-2700. Ready to begin? Apply Online Now
There's a lot to do when you get a mortgage loan. You wouldn't be here on our website if it were possible to fill out a one-page loan application and get the best loan funded in one day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.
Getting a loan involves four major steps.
Step one: Determine how much you can borrow
This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment amount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.
Step two: Get pre-approved
This is where the process really begins and Custom Lending Group can really save you money. You will supply details on your current job, assets, and residence history. You'll supply information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission, of course). After we've finished reviewing your information, we'll provide a pre-qualification letter. Be careful with this letter — it is a useful tool when you make your offer! Your REALTOR® should use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for your new home with your real estate agent, we find the best program for you. Simply complete the form below to get started now!
Once you have made the offer and the sellers accept it, you should apply for the loan. It's very easy, and you can apply online, right here on our website. Finally, we will order an appraisal of your new home.
Step four: Funding
Your real estate agent and the seller's will work together to designate a title company to handle the funding of your loan. We'll work with this company to ensure all the papers your lender requires are available, and you'll probably}likely sign everything at their officeWe work with with the title company on your date to close. Because you will not need to coordinate this process, you can think about the move, painting, new carpet, and the details involved in moving into a new home.
You've answered some few questions, provided detailed information, applied , and Before you know it, you're moving! We take care of the loan details so you can spend your time finding your new home.
Have questions about the loan process? Call Custom Lending Group at (707) 252-2700. Custom Lending Group answers loan process questions every day.