About the Loan Process
No doubt, a lot is involved in order to get a mortgage. You wouldn't be visiting our website if it were possible to fill out a simple loan application and get an excellent loan funded the same day. But First Access Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a home loan involves four major milestones.
Step one: Decide how much you can afford
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? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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: Pre-qualify for your loan
This is where the rubber meets the road and First Access Mortgage can really save you money. You will give us details on your employment, your assets, and residence history. You'll supply your employment, asset, and residence history information. We run your credit score and report. After we've reviewed your information, we'll give you a pre-qualificaiton letter. Handle it with care — it can be a useful tool when you make your offer! With this letter, your REALTOR® will negotiate the best deal for your new home. While you're looking for a new house with your REALTOR™, we find the best program for you.
Step three: apply now! We make it easy
After you've made an offer and the sellers have accepted, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply right here on our site. After the offer has been accepted and you have submitted your loan application, we'll order the professional appraisal on the home.
Step four: Funding
The agents will find a title company to handle the "funding" of the loan and closing. We'll coordinate with this company to ensure the papers your lender requires are in order, and you will probably}likely sign everything at their officeWe do all the work to coordinate with the title company on your date to close. Because you don't have to worry with this coordination, you get to think about moving logistics, paint colors, new carpet, and the fun parts of moving into your new home.
You've answered some few questions, provided lots of information, applied , and before you know it, you are moving in! First Access Mortgage is a mortgage specialist; you're not — so we take care of the details. Doesn't that make sense?
Have questions about the loan process? Call First Access Mortgage at (985) 429-1770. It's our job to answer lending questions, so we're happy to help!