The Loan Process

A Process Made with You in Mind

Step 1.
Conversation

The first step is crucial and sets the stage for your home buying experience. You and I will discuss your short and long-term financial goals so we can customize a loan strategy to best fit your needs. 

Step 2.
Application

The goal of completing an application is to gather as much information as possible so my team can best determine all the available loan program options and what best suits your needs.

Step 3.
Pre-Quailification

At this stage we will share how much home you can afford, what your estimated total monthly payment will be, and how much money you will need to contribute.

Step 4.
Documentation

This is where we need your help! To achieve our goal of making your home loan process as smooth as possible, we try to get as much done up front as we can.  Submitting your income and asset documentation upfront allows us to fly through the underwriting process quicker.

Step 5.
Find a Home

Once you find a home and you are under contract, we’ll order an appraisal and begin the next steps of processing and underwriting your loan.

Step 6.
Final Approval

The underwriter reviews all of your financial documents (income, assets, liabilities), the appraisal, title insurance commitment, and your homeowners insurance to verify you meet all the conditions for final approval. 

Step 7.
CONGRATULATIONS - You are a Homeowner

We did it!  It's closing day!  On your closing day, our closing department works with the title company to assemble the final paperwork for your signature.  Closing instructions are provided in advance so you know what to bring and what to expect.  This is a very exciting day!  The day you become a homeowner.  Congratulations, welcome home, and thank you for working with the Kelly Gaugler mortgage team!