The Financing Process
Demystifying Home Loans
The home loan process can feel overwhelming. By collaborating with a trusted lender and remaining informed through every step of the process, from pre-approval, to fully-underwritten status, to closing, you can have a significantly more comfortable experience.
Step One:
Get Fully Underwritten
Being fully underwritten—rather than just pre-approved—puts you in a winning position when it comes time to make an offer. It signals to sellers that your financing is solid and your offer is ready to close, giving you a distinct advantage in competitive markets.
To complete the underwriting process, your lender will review and verify your income, assets, credit, and debt to determine the exact loan amount you qualify for. This typically includes documentation such as W- 2s, pay stubs, federal tax returns, credit reports, and recent bank statements.
There are a variety of loan programs available, each with its own advantages depending on your financial goals and circumstances. Your lender can help identify the best option to support your purchase strategy with confidence and clarity
Estimate Your Monthly Payment
Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.
Price
Annual Tax
Loan Term (Years)
Down Payment %
Interest Rate %
Monthly HOA
Monthly Insurance
$3,198.20
Estimated Monthly Payment
Principal
$2,398.20
(75.0%)Taxes
$500.00
(15.6%)Private Mortgage Insurance (PMI)
$0.00
(0.0%)HOA
$100.00
(3.1%)Insurance
$200.00
(6.3%)
