Building Homes Building Futures

Our Mortgage Partners

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  The SunTrust Mortgage Purpose: To Fulfill Dreams , To Enrich Lives To Build Communities"
  Visit us at Suntrust Mortgage

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  The Wells Fargo vision: "We want to satisfy all our customers' financial needs, help them succeed financially, be the premier provider of financial services in every one of our markets, and be known as one of America's great companies."
  See more at www.WellsFargo.com

The Loan Process

1. Pre-Qualification: First call one of our preferred lenders and explain the price range of home in which you are interested. Our preferred lender will pull your credit report and gather information from you about your income, debts and assets. This information is crucial to our lenders being able to determine your price range, down payment and which loan program(s) are right for you.
2. Loan Application: Once you have been pre-qualified you will need to fill out a loan application. The lender you are working with will provide the loan application to you and will answer any initial questions you may have and will help you through out the process. You will be given a Home Buyer Information Report (HBIR) to fill out, be sure to bring your HBIR to the loan application meeting with your lender.
3. Loan Processing: On completing your loan application, you will be asked to provide information for the specific loan program for which you applied. You will be asked to supply copies of bank statements, pay stubs and other documentation to verify the information you provided on the loan application. During the processing of your loan your credit report may be pulled again and an appraisal of the home will be ordered. Processing times vary from application to application, but your Loan Officer should be able to determine the time frame for your specific loan.
4. Loan Approval: After your loan application is processed, a preliminary decision about your loan is made by the lender. This decision is based on the information you gave to the lender at the time you applied for the loan. Approval of a loan can be affected by changes in your job status, credit, income and assets during the loan processing period. Please stay in contact with your Loan Officer and let them know immediately of any changes that occur during the processing period.
5. Commitment Letter: When your loan is approved, you will receive a commitment letter which sets out the terms of the loan and the length of time the lender is offering those terms to you. If your loan does not close within the specified commitment period the terms of the loan are subject to change. The loan commitment letter may have conditions you must satisfy to close the loan, so please read your loan commitment letter carefully and call your Loan Officer if you have any questions.

A Home for the Whole Family

We are excited about developing a simple powerful Mortgage Calculator.
It should be online in the next few weeks.
Check back with us then!