The Loan Process: an Overview

	Are you looking for a new mortgage? We'd be thrilled to talk about your mortgage needs! Call us at 520-250-9486 or 520-991-8002. Ready to begin? Apply Here.

There can be no doubt that getting a mortgage loan is a complex process. You wouldn't be here on our site if you could fill out a one-page loan app and receive a great loan check cut the same day. But GENEVA FINANCIAL, LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide on your maximum loan amount

This is a function of a couple things. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This is where GENEVA FINANCIAL, LLC will begin to save you money. You will supply info about your current job, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission. We will go over this information then give you a letter of pre-qualification. Your real estate agent should use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're picking out the home that's right for you, we're busy finding the loan that's just right for you.

Step three: apply now! We make it easy

Once you have made an offer and it's been accepted, you should complete the loan application. It couldn't be easier, and you can apply online, right here on our website. At the end of this step, we'll order an appraisal of your new home.

Step four: your loan is funded

Your REALTOR® and the seller's will work together to decide on an escrow/title company to handle the funding of your loan once it's approved. We'll coordinate with this company to ensure all the papers your lender will need are in order, and you will probably}likely sign all these papers at this company's officeWe coordinate with this company on your date to close. Because you will not have to worry about these details, you can think about the move, paint colors, carpet, and all the details of getting your new home.

You've answered some few questions, given us detailed information, applied online, and before you know it, you're deciding when to move in! We take care of the legwork so you can focus on finding the new home that's right for you.

Have questions about the loan process? Call GENEVA FINANCIAL, LLC at 520-250-9486 or 520-991-8002. It's our job to answer lending questions, so we're happy to help!