Acolyte Realty Group
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    • Home
    • Buying Process
    • Selling
    • Financing
    • About
    • Contact
    • Helpful Vendors By County
  • Home
  • Buying Process
  • Selling
  • Financing
  • About
  • Contact
  • Helpful Vendors By County

Home Loans Unraveled

The Loan Process

 If you have never experienced it before, the home loan process can be quite overwhelming. But do not let that scare you. Our team will make sure you stay informed throughout the entire process, from finding a lender, pre-approval, and on to closing. The first thing to do is consult with a mortgage specialist (or three). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we would be happy to team you up together. By doing so, we know that you will be taken care of.

Contact us today to find out more!

The Pre-Approval

Getting Pre-Approved

Before you start looking for a home, it’s a important to meet with your loan officer first to get pre-approved for a loan amount. At this stage, the lender will gather information from you about your income, assets, and your debts to determine how much house you will be able to afford. This will also include running a credit report, looking over your W-2 forms, pay stubs, Federal Tax Returns and even your recent bank statements. Take note that there are many different loan programs available to buyers, so make sure to get pre-qualified for the specific program(s) that will best suit your needs. Ready to get started? Contact one of my preferred lenders today & be sure to tell them I sent you!


Our Preferred Lenders

Ryan Wynne - Loan Consultant NMLS: 663840

Sonya Blankenship - Loan Consultant NMLS: 764494

Ryan Wynne - Loan Consultant NMLS: 663840

Connect Today!

Joshua Dean - The Dean Team NMLS: 1662895

Sonya Blankenship - Loan Consultant NMLS: 764494

Ryan Wynne - Loan Consultant NMLS: 663840

Connect Today!

Sonya Blankenship - Loan Consultant NMLS: 764494

Sonya Blankenship - Loan Consultant NMLS: 764494

Sonya Blankenship - Loan Consultant NMLS: 764494

Connect Today!

Loan Application & Processing

So What Happens When Your Loan Goes "Live"?

 When you find the home or property that you are ready to purchase, your lender will help you complete the full mortgage loan application. The lender will talk you through the various fees and down payment options. Then the application is submitted to processing, where the documents are reviewed, and appraisals and title examination are ordered. Then the loan is sent to their underwriter. The underwriter reviews and approves the entire loan when it meets compliance. 

The Closing

Signing & Finalizing The Deal

If you are asked for additional documentation or clarification during the loan process, don't be surprised. This is common. Please keep in mind that once your loan is approved, you must set up homeowners' insurance on the new property. Your documents will be sent to the closing attorney/title company, where you will sign for the new home and pay any remaining costs. After this, the loan is recorded, and you get the keys. Congratulations are in order, you are happy new homeowner! 

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