The Home Loan Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Kelli Smith
Movement Mortgage
- (253) 389-8834
- kelli.smith@movement.com
- lo.movement.com
- 11900 NE 1st Street, Bellevue, WA 98005
- NMLS# 907736
My goal is to provide mortgage solutions specifically tailored to you and your financial goals. My team and I take into consideration your current and future vision when building a financial plan specifically for you. We strive to provide an excellent customer experience and create a long-term relationship. We can't wait to help you.
Stephanie Corcoran
Paramount Residential Mortgage Group, Inc. (PRMG)
- (253) 317-2998
- scorcoran@prmg.net
- prmgapp.com
- NMLS# 1619405
Ted Klarich
Fairway Independent Mortgage
- (206) 401-1878
- (206) 510-0744
- ted.klarich@fairwaymc.com
- fairwaysound.com
- 4020 Lake Washington Boulevard North East, Suite 202 Kirkland, WA 98033
- NMLS# 1897317
Mike Larson
Paramount Residential Mortgage Group, Inc. (PRMG)
- (425) 445-2483
- mlarson@prmg.net
- prmgapp.com
- 11900 NE 1st Street, Bellevue, WA 98005
- NMLS# 2034557
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
