Loans

TYPES OF LOANS

- CONVENTIONAL

     Conforming and Jumbo

- FHA

- VA

While there are several types of loans available, the process is pretty much the same.

PROCESS

1. Order Appraisal

Because the lender wants to ensure that the value of the property you are purchasing or refinancing is true as stated, an appraisal is done. An appraisal compares the value of the property to similar properties sold in the immediate area over a recent period of time.

2. Begin Escrow Process

A title search ensures that the there are no unknown liens or any other issues associated with the title records of the property you are purchasing or refinancing. During this process the title company extensively examines public records such as deeds, liens, easements and contested wills along with any other public notices that may have been filed regarding the property in question.

3. Process Lender Material

We work with many lenders who offer a full spectrum of loans. We search ou the best program and the best rate to suit your needs. Documentation requirements vary among lenders and the type of loan you choose. We work closely with you to pull together the documentation required for the loan that is right for you. We are there with you each step of the way to ensure everything is done right, the first time.

4. Funding the Loan

Once all steps have been completed, we work closely and efficiently with the title company to ensure that your loan closes in a timely and smooth manner.