With our fast and free loan pre-qualification program you know what you can afford to spend before you look for property. Knowing what you can afford, and why, can make all the difference in getting your new home. With a pre-qualification letter from us in hand, your real estate agent will be able to demonstrate that you are a qualified and capable borrower. This will strongly influence the seller, and may make the difference between the seller accepting your offer or someone else's – even if your offer is lower!
When you've selected a property and have a contract with the seller, you can either complete the pre-qualification form online and one of our loan consultants will contact you to complete the loan process or call one of our loan consultants direct.
At the appropriate time we'll order a property appraisal for you.
You and your loan consultant will work together to complete your loan application. Be sure to bring all the required documents to your appointment, including personal information and information on the property you are planning to purchase. (See our Loan Application Checklist for more details on the documents you’ll need to provide.)
Once your loan application is completed, your loan processor will collect and analyze your documentation so that your loan can be processed and reviewed for approval.
With your initial loan package, you will receive a checklist of the items your processor may need to confirm your information and to get your loan reviewed. In addition, the loan processor will order and review an appraisal of your new home.
An underwriter will analyze the information in your loan packet, review the property, examine your credit, handle your mortgage insurance (if applicable), and assign any loan conditions.
Once your loan is approved and you are ready for closing, you will need an appointment with your closing agent (typically, a title company).
Your loan closer will give the loan documents to your closing agent and provide you with a list of the items you will need to bring with you, as well as your final closing figures.
Once your appointment with your closing agent has been established, your First United loan closer will work hand in hand with your closing agent to provide you with this information in a timely manner so that you can prepare for the closing of your new home.