Buying a home is one of the biggest ­financial transactions you’ll ever make. Understanding the loan process will help eliminate a lot of stress you may feel while going through the process.

The 6 steps below explain the loan process for purchasing a new home.


First, find out how much home you can afford by getting pre-qualified. There are a lot of different mortgage options available and this will help figure out the program that is right for your personal, unique financial situation.


Your application begins the loan process. You’ll read and sign each loan document and provide your intent to proceed with your mortgage. Once you receive your loan estimate, you’ll submit the necessary documentation needed to move forward.

Loan Processing

After your application is accepted, a loan processor gathers the necessary documents into your loan package. The Processor will review your credit report and verify your debts, payment histories and employment status.


An appraisal determines the fair market value of the property you’re purchasing. The appraisal is then added to your loan package to be used in underwriting.


The Underwriter reviews your application, documentation, financial information, sales contract, appraisal and title to be sure all requirements have been met for the loan program you’re applying for.


Before your closing date, you’ll receive your closing disclosures, which will disclose your cash to close amount. On the day of your closing, you will sign the final documents and your loan will be funded. Your first mortgage payment is typically not due until the second month after your closing date.

If at any time you have questions about this process or about home loan ­financing in general, please feel free to contact us. There is no charge for a consultation, so why not start today?

Ready to Apply?

Apply online or over the phone, whichever is more convenient for you.

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