Steps to Buying a Home
1) Loan Interview and Pre-Qualification
A loan officer will collect the following to determine how much you can borrow:
Financial and income information
Your loan officer will select a lender based on your credit profile and loan program.
2) Loan Underwriting
The lender will make a decision to determine if you meet lending guidelines.
3) Conditional Approval
Your loan has been approved upon fulfillment of conditions that require additional information from the borrower.
Once all conditions have been satisfied, your loan can proceed to final approval and closing.