Home Loan Process
Loan Approval Process
Our streamlined, personalized approach means the entire process will be simple and stress-free. Remember, with U.S. Mortgage Funding, your Mortgage Banker will be with you every step of the way...and those three simple steps include:
By pre-qualifying you, your Mortgage Specialist can give you an idea right from the beginning of just how much home you can afford. This may increase your negotiating power with potential sellers. You’ll also have a clear understanding of all costs upfront, and that could mean a faster closing.
APPLY FOR YOUR LOAN
Your Mortgage Specialist can help you with the entire application. We'll let you know precisely what documents and information you need, and walk you through the whole process.
APPROVE YOUR MORTGAGE
Your Mortgage Specialist will carefully review your paperwork, have the home appraised to confirm its value, perform a title search and evaluate your credit. These steps will determine your eligibility for the loan.
CLOSE YOUR LOAN
As the name implies, this is the end of the process. After you’re officially approved for your new loan, you’ll attend a “closing” where you’ll be asked to review and sign final loan and escrow documents. Once you have completed the signing process, the funds will be disbursed to the title company who will officially file the transfer of title in your name with the county recorder.