How the Loan Process Works

	Shopping for a mortgage loan? We will be glad to help! Give us a call today at 5596747669. Ready to get started? Apply Online Now.

No doubt, quite a lot involved in oder to get a mortgage. You wouldn't be researching mortgage loans if it were possible to get a loan in a single day by filling out a simple application. But US Financial Mortgage Group does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in getting a mortgage loan.

Step one: Decide on your maximum loan amount

This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple 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: complete a pre-qualification

This is where the process really begins and you save the most money. You will provide details on your employment, assets, and residence history. You'll give us information on your employment, asset, and residence history. We pull your credit score and report. After we've finished reviewing the provided information, we'll give you a pre-qualificaiton letter. Be careful with this letter — it is a great tool for buying your new home! Your REALTOR® will use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're picking out your new home, we are researching the loan that best fits your needs.

Step three: apply for your loan

After you've signed an offer and the sellers have accepted, it's time to apply for the loan. It couldn't be easier, and you can do it online, right here on our site. After the offer has been accepted and you have applied for your loan, we'll order the professional appraisal on the home.

Step four: funding

The agents will find an escrow/title company to handle the "funding" and closing. We'll work with this company to ensure the papers your lender will require are avaiailable, and you'll probably}likely sign everything at their officeWe coordinate with the title company to set your date of closing. Since you don't need to worry about these details, you can think about moving logistics, painting, new carpet, and the fun parts of moving into your new house.

You've answered a few questions, provided lots of information, applied , and the next thing you know, you are moving in! US Financial Mortgage Group is a mortgage specialist; you're not — so take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call US Financial Mortgage Group at 5596747669. We answer questions about the loan process every day.