About the Mortgage Loan Process

There's quite a lot involved in oder to get a mortgage. You wouldn't be looking up loan information if it were possible to get a mortgage loan in a single day with a simple application. But America's Home Loans does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four primary steps involved in obtaining a loan.

Step one: determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? 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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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: pre-qualify for your loan

This is where the process really begins and America's Home Loans can really save you money. You will supply info about your current job, your assets, and your residence history. You'll provide your employment, asset, and residence history information. We pull your credit score and report. After we've reviewed your information, we'll provide a pre-qualificaiton letter. Your real estate agent will use your pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're looking for a new home with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

Once you've made an offer and the sellers have accepted, you should apply for the loan. It's very easy, and you can do it online, right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order a professional appraisal on the home.

Step four: your loan is funded

Your REALTOR® and the seller's will work together to designate a title company to handle the funding of your loan once it's approved. We'll coordinate with this company to ensure the papers your lender requires are avaiailable, and you will probably}likely sign everything at this company's officeWe do all the work to work with with the title company on your closing date. Since you will not have to worry with this coordination, you can think about moving, paint colors, carpet, and the fun parts of moving into your new home.

You've answered some few questions, given us lots of information, applied online, and Before you know it, you'll be moving in! America's Home Loans is in the business of loans; you're not — so take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call America's Home Loans at 701.222.0100. It's our job to answer lending questions, so we're happy to help!

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