The preapproval process begins with your completed loan application.
If you’d like to have a conversation before completing your application, please give us a call. We are happy to answer any of your questions before you begin!
Click HERE to start your application
When you click on the application link, you will see a dialog box that looks like this:
You will 1st need to click Create Account, then choose a user name and password, and verify your email address.
You only need to Create Account once.
Then you will be able to log in and complete your application.
Once you have completed your application, make sure you click SUBMIT and then Kinsey and I will be notified and be able to review your information.
In the future when you see this dialog box, simply use your Username and Password to Log In to your application – in order to sign disclosures and upload documents.
The application will take about 20 minutes to complete. We will do a soft pull of your credit report, analyze your application and then call you to review, fill in any blanks, and make sure we have a clear understanding of your goals and your financial situation.
Kinsey and I are able to complete many preapprovals in less than an hour, while it will take more time for borrowers with more complicated finances.
Once we have completed your pre-approval, we will be able to tell you your maximum purchase price based on your preferred financing strategy, and will prepare a Loan Summary worksheet detailing your down payment, closing costs, and monthly payment for your price range. We will send you this Loan Summary worksheet, along with a preapproval letter for your maximum desired purchase price, and we will copy your realtor so we are all on the same page.
With this information, we will be able to make suggestions that are appropriate for you, provide you with accurate rate quotes, and write pre-approval letters as you need them. We normally write a preapproval letter for each offer, with the specific property address noted in the letter.
When you are ready to make an offer on a specific property, send us the property address and we will write a pre-approval letter specific to the property, which your realtor will provide to the sellers with your offer to purchase.
Supporting Documentation
All loans require supporting documentation, which will vary from borrower to borrower. We encourage you to save yourself time and stress later on by uploading your documents now. Emails are NOT a safe way to share sensitive documents with us, so please don’t email documents – log into your application and upload them. To do this, log in using your user name and password, and then in the top left corner of your screen you will see “Uploads”.
For the most straightforward salaried borrowers, we will need a copy of your driver’s license, your most recent 30 days of paystubs, your most recent 2 years of W-2 forms, and your most recent 2 months of asset/bank statements to show funds for your down payment and closing costs. CLICK HERE FOR A MORE DETAILED LIST
What happens next?
Once you are preapproved, we will write preapprovals for your offers as you make them, and answer your questions about financing various properties. When you receive a signed contract, send it to us ASAP!
With your fully signed purchase contact, we can lock your interest rate, order your appraisal (if required) and begin working on getting your loan fully approved for your closing date.
Kinsy, Carla and I will work with you, the underwriter, closing attorney, appraiser, insurance agent and realtor to obtain your Loan Approval, and get you to the closing table as smoothly as possible!
On closing day, you will meet with your attorney to sign the final loan documents, and the home is yours as soon as the deed is recorded!