The Home Loan Process

A Step-by-Step for Financing Loan

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.

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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 the 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-qualified for the specific programs that best suit your needs.

Start The Process

I’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 I’ll connect you with a lender today!

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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 examinations are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.

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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!

Work With Mary Glenn

Whether selling or buying, no one will outwork Mary Glenn. Her clients have consistently pointed to her attention to detail and impeccable work ethic setting her apart from others in the industry.

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Contact Details

Mary Glenn Lively

Phone

(423) 963-8310

Email

[email protected]

Phone

(423) 343-4118

Address

135 W Main St, Ste 100 Kingsport, TN 37660

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