What to Expect in the Mortgage Process

The mortgage process doesn’t have to be confusing. Here’s a simple overview of how it typically works from start to finish.

Get Started

Reach out by text, phone, or online to ask questions and determine how to begin.

Apply, Review, Next Steps

After an application and required documents are submitted, information is reviewed, options are discussed, and next steps are outlined.

The loan moves through processing and underwriting, followed by closing once final approval is received.

Processing, Underwriting, and Closing

FAQ's

These are some of the most common questions borrowers ask.

How do I qualify for a loan?

Qualifying for a loan depends on several factors including your credit score, income, employment history, and debt-to-income ratio. These factors are reviewed to determine eligibility and available loan options.

Proof of income, assets, identification, and credit information are commonly required for individuals included on the loan application. A complete list will be provided to you.

Yes, texting is a good way to communicate for many questions. In some situations, a phone conversation may still be needed.

What is the difference between a Pre-qualification and a Pre-approval?

Can I get a loan if my credit score is low?

Do I need 20% down to buy a home?

My job doesn't allow phone calls during my shift. Is texting an option?

A pre-qualification is typically provided after a loan originator has reviewed information such as income documentation and a credit report. It is an initial assessment and is not a final loan decision. A pre-approval (and final approval) generally requires a more complete review of the file and is issued only after an underwriter has reviewed and accepted the loan based on verified documentation. Requirements and review levels vary by lender and loan program.

There isn’t a simple yes or no answer. Some borrowers with lower credit scores may still have loan options available. Eligibility depends on individual circumstances and loan program requirements. Once credit information is reviewed, it may be possible to discuss what factors are impacting the score.

No. Many loan programs offer options with lower down payments. Requirements vary depending on the loan type and borrower eligibility.

What documents are needed?

Ready to Apply?

When you’re ready, you can complete your mortgage application through a secure online portal. If you’d rather ask questions first, that’s perfectly fine.

Have a question?

If you’re not sure where to start or just have a question, you’re welcome to reach out. There’s no obligation.

Prefer to text instead? You can reach me at 205-292-7996. Some situations may still require a phone conversation.