The Loan Process: Four Steps
There is no question; getting a mortgage is a complex process. You wouldn't be here on our website if it were possible to fill out a one-page loan application and get a great loan funded the same 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.
Step One: Decide on your maximum loan amount
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. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step Two: Complete a pre-qualification
This step is where Integrity Lending can start saving you money. You will supply details about your employment, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We get your permission to run your credit score and report. After we've reviewed this information, we'll provide a pre-approval letter. Your Realtor® should use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-approval letter gives you buying clout! While you're shopping for a new house with your real estate agent, we find the best program for you and with your input.
Step Three: Apply now! We make it easy
Once you have made the offer and the sellers have accepted, it's time to complete the loan application. Applying for your loan couldn't get much easier; you can apply any time right here on our site. After the offer has been accepted and you have applied for your loan, we will order the professional appraisal on the home.
Step Four: Your loan is funded
The real estate agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll coordinate with this company to make sure all the papers your lender will require are available, and you will likely sign all these papers at their office. We will work with the title company on your date to close. Because you won't need to coordinate this process, you can think about moving logistics - if you're going to repaint, new carpet, and the details involved in moving into a new house.
Once you've answered a few questions, provided lots of information, and applied, you'll be moving in before you know it! Integrity Lending is a mortgage specialist; you're not — so let the experts do the work. Makes sense, doesn't it?