Once you select us to obtain your home loan, you'll be amazed at how quickly and simply the loan process moves. Before you know it, you'll have a mortgage that suits your short and long-term personal financial objectives and meets your budget concerns. Throughout the loan-application process, we provide you with regular email updates, online loan status and a routine Friday status call from our Processing Department so you never enter the weekend wondering the approval status of your home loan. Here's an overview of the loan process.

1. Complete and sign the residential loan application, Form 1003, and the attached loan info sheet, credit authorization and fair lending notice. Page 5 of the application is a continuation page in case you need additional space for your assets or liabilities. If you make a mistake while filling out the application cross it out, and make a change. Do NOT use whiteout.
2. If you are salaried: provide W-2's for the previous two years and one month of pay stubs. If you are self-employed, provide tax returns for the previous two years, including all schedules, and a YTD profit and loss statement. (Note: provide copies of all requested documents. Do not provide original documents.)
3. If you own rental property, provide recent rental agreements and tax returns for the previous two years, including all schedules.
4. To speed up the approval process, provide bank statements for the most recent two months, and recent statements for stock, mutual funds and IRA/401K accounts.
5. If refinancing a current mortgage, provide a copy of the mortgage statement to help determine payoff, property taxes and property insurance premiums.
6. If applicable, provide a copy of your divorce decree and settlement agreement.
7. If you are NOT a US citizen, provide a copy of your green card (front & back). If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa.
8. If any borrower has filed bankruptcy, provide the Discharge Notice, Filing and Schedule of Creditors.
9. If you are applying for a home equity line of credit or loan (second loan), also include your first mortgage note. (This should be with your closing loan documents.)

1. Inform you of your maximum affordable home value, and save you from previewing properties outside your price range.
2. Help build a Mortgage Plan that helps to understand your short/long term financial goals and concerns
3. Put you in a stronger negotiating position with the seller, because the seller will know your loan is pre-approved.
4. Help you close quickly, since your loan is pre-approved.

1. Think about how long you plan to keep the loan. If you plan to sell your home in a few years, you may want to consider an adjustable rate or balloon loan. If you plan to keep your home for a longer time, you may consider a fixed rate loan.
2. Understand the relationship between rates and points. Points are considered prepaid interest and may be tax deductible. Each point is equal to 1 percent of the loan. For example 1 point on a $150,000 loan is $1,500. The more points you pay, the lower your rate. We help you determine if paying points makes financial sense.
3. Compare different loan programs. With so many programs to choose from, it's hard to figure out which program is best for you. We can help you find a loan program that best fits your short- and long-term financial and housing plans.

• Credit history
• Employment history
• Assets including your bank accounts, stocks, mutual fund and retirement accounts
• Determine property value based on a required bank appraisal
• Based on your specific situation, additional documents or verifications may be required.

• DO Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
• Don't make any major purchases. Do not buy a car, furniture or another house till your loan is closed.
• Don't do anything that causes your debts to increase or have an adverse affect on your credit rating. Make all reported debts on time.
• Don't move money into your bank accounts unless it can be traced. If you are receiving gift money from friends, family or other relatives, please contact us.
• Do notify your loan officer before applying for any other credit, including credit cards, personal loans or even with another mortgage company. Some loan programs have strict guidelines regarding your credit score. Credit inquiries may lower your credit score and may have an adverse affect on your loan approval.
• Don't go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf or simply reschedule closing.

• Bring cashiers check for your down payment and closing costs if required. Personal checks are normally NOT accepted.
• Review the final loan documents. Make sure that the interest rate and loan terms are what we outlined on our Closing Cost Guarantee.
• Sign the loan documents. The attorney will require that you have your picture ID with you.
• Your loan will normally close shortly after you have signed the loan documents. Purchase transactions are typically recorded at the Registry of Deeds the day of settlement. Primary residence refinances and home equity loan transactions are required by federal law to have a three days recession period before the loan is recorded and funded.