Overview of the Loan Application Process
Sometimes the Mortgage Process can seem overwhelming. This section gives you an overview of the entire mortgage process from start to finish. Reviewing each section will give you an understanding of everything that needs to happen throughout the process. If you are ready to start the process with one of our loan officers go to: Find Your Mortgage Consultant
The Loan Application Process
- Meet The People Involved
- Education and Learning
- Collecting Important Documentation
- Initial Mortgage Consultation
- Investigating Loan Options
- Understanding Rates and Costs
- Making Application
- Pre-Approval
- Loan Processing
- The Appraisal
- Loan Underwriting
- Loan Approval
- Clearing the Loan to Close
- Reviewing the HUD-1 Settlement Statement
- Closing the Loan
- Making Your First Payment
- Loan Servicing
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Housing Lender. Numerica Mortgage, LLC dba Your Mortgage People, licensed by the Virginia State Corporation Commission, License MC-1954. North Carolina License Numbers L-105666 and L-105666-105. Some products may not be available in all states. This is not a commitment to lend.