Contact Our Professional Housing Consultants and They Will Help You Find a Great Home.

Fill out our prequalification page some very basic information, and we’ll get the pre-qualification information back to within 24 hours (on working days). Please note: This is NOT a final approval from a mortgage lender – this is our Mortgage Specialist’s initial opinion about what type of loan you will qualify for. The final approval will come from the actual mortgage lender.

This is a critical part of the process, because most of the time, your file is the ONLY impression the mortgage lender will get of you, and we make sure and present “you” in the best possible way. Our Mortgage Specialist will tell you what documents are needed to “Package” your file and submit it to the lender for a full loan approval. 

Now, this is where most people become a bit frustrated. The mortgage company will be lending you a lot of money, and are required by Federal and State Banking and Mortgage Regulations to document all aspects of the mortgage loan. And each and every loan is different.

Your situation is unique, and our Mortgage Specialist will know what most of the documents are that will be needed, HOWEVER, we won’t know exactly what additional documentation will be needed until after the package has been submitted to the lender.

This process can take as little as a few days, or it can take a long time. YOU make the difference at this point. Our Mortgage Specialist will tell you what is needed, and we can’t submit the loan package until it is completed.

This is one of the things that WE do that practically no one else in the business does, and THIS is what makes the difference in how good of a loan approval you get.  BECAUSE we take the time to fully-assemble your file, the mortgage lender only has to look at it briefly, and usually doesn’t have to do much to get it ready to be reviewed by the Underwriter (who is the one that actually approves your loan).

When a lender looks at a loan file that comes from us, we ALWAYS get TOP PRIORITY, because we KNOW what to do to get it ready for them, and our files are the easiest for them to process.

At this point your loan package (File) will go to the lender, and their Loan Processor will assemble the file in the way that their Underwriter must review it. This can take as much as a week (depending on how many applications the Loan Processor has to assemble).

NOTE: It’s critically important that when the Loan Processor asks for additional documentation, or asks more questions, you respond as cooperatively as possible. This step of the process can make the difference between getting an approval with favorable conditions or not.

Every home-buyer’s situation is unique, and we won’t know exactly what’s needed for your particular situation until the full loan package is submitted and reviewed by the mortgage lender. We’ll have most of the documentation assembled for them, but they WILL ask for more – the regulations change constantly, and they have to comply. So be patient, and give our Mortgage Specialist what the mortgage lender needs.

At this point, your loan goes to the Underwriting Department, which reviews the file to make sure that it complies with all regulations, and that this is a good credit risk, based on that mortgage lender’s lending guidelines.

At this point, the lender will tell us one of two things:

They will conditionally approve your mortgage application. Each loan is subject to meeting certain conditions, based on the type of loan they will be doing for you. For example, if any part of your down payment is coming from a relative, they will want documentation showing where the money came from, and a donor’s letter.

If your loan is conditionally approved, our Mortgage Specialist will work closely with you to gather the necessary information to satisfy these conditions and get the file to final underwriting.

Or, this lender will decline the loan application. If this happens, don’t worry, we typically have a back-up lender or program that we will submit the loan package to, that may give us a better chance of getting a favorable approval. There’s no way for us to know for sure whether the lender will approve your mortgage application, as their underwriting guidelines change internally all of the time, and we’re not privy to that information. Just understand, we almost always have a back-up plan, and are ready to go to work for you.

This is just about to the end of the process, time-wise. If your loan is conditionally approved, our Mortgage Specialist will work closely with you to gather the necessary information to satisfy these conditions and get the file to final underwriting

This is the review by the mortgage lender, and typically takes just a few days. At this point, their Senior Underwriter may ask for one or two documents more (this is not uncommon), so we may have just a couple more things to do. But we’ll guide you through this, and it’s usually something minor.

At this point, all we need to do is get the additional information needed to satisfy the conditions of the approval, and send the final package over to the lender.

The title company is a neutral third party that goes through all of the documentation, and verifies that there is clear title to the land (that it is free of any encumbrances, like back taxes, leins, etc.), and that all documents satisfy all local, state, and Federal regulations. In other words, they ensure that the transaction is complete and legal, and all rights (your, ours, and the mortgage lender’s) are protected.

So, our Mortgage Specialist and the lender prepares the final documentation, and sends it to the Title Company for final review.

When the Title Company is ready, they will notify us and schedule a time to close the transaction. Then you’re ready to “Close the Loan”, or sign all of the documents necessary to legally make this your home.

NOTE: Closings are ONLY done during normal business hours: Monday thru Friday, from 9:00 a.m. to 5:00 p.m.. That’s because those are the hours that attorneys and banks are open, and until the mortgage bank receives “All Signed and Clear” message from the Title Company, they can’t “close-out” the loan file. This HAS to be done the same day as you sign the paperwork.  So be prepared to take a couple of hours off work to sign all of the documents.

This is done at the Title Company (Unless it’s an LTP-Finance Closing, in which case it’s done at our corporate headquarters in Fort Worth). When all documents are filed with the Title Company, they in turn file all of the required documentation with government agencies and other parties, to transfer and record the deed into your name (along with the mortgage lender, of course).

As soon as the documents are signed, and the loan is funded, then the home becomes yours, and is transferred out of our company’s name.  When ownership is transferred to you, let our service department know if ANYTHING needs to be adjusted or serviced, and they’ll schedule service right away.