STEPS OF THE LOAN PROCESS The steps below outline the loan process assuming qualification and approval. The final outcome may vary.
APPLICATION 9LVLWGKLPRUWJDJHFRPWRJHWVWDUWHGDQG¿QGRXWKRZPXFK\RXPD\EHHOLJLEOHWRERUURZWREX\DKRPH<RXFDQUHVW DVVXUHGWKDW\RXULQIRUPDWLRQLVVDIHDQGVHFXUH 1 <RXU0RUWJDJH/RDQ2ULJLQDWRUZLOOH[SODLQ\RXURSWLRQVDQGKHOS\RX¿QG WKHORDQWKDWEHVW¿WV\RXUQHHGV
PROCESSING $/RDQ3URFHVVRUZLOOZRUNFORVHO\ZLWK\RXU0RUWJDJH/RDQ2ULJLQDWRUWRYHULI\\RXUHPSOR\PHQWDVVHWVDQGFUHGLWKLVWRU\ DQGJDWKHUDOOWKHLQIRUPDWLRQQHHGHGIRUXQGHUZULWLQJ3OHDVHUHPHPEHUWRSURYLGHDQ\UHTXHVWHGGRFXPHQWVZLWKLQKRXUV WRNHHSWKHSURFHVVPRYLQJ
UNDERWRITING $Q8QGHUZULWHUZLOOUHYLHZ\RXU¿OHIRUFUHGLWDSSURYDO7KH\PLJKWUHTXHVWDGGLWLRQDOGRFXPHQWV
CREDIT APPROVAL $WWKLVWLPH\RXUORDQKDVEHHQFRQGLWLRQDOO\DSSURYHGSHQGLQJUHFHLSWRIDGGLWLRQDOUHTXHVWHGLWHPV<RXU¿OH ZLOOJREDFNWR3URFHVVLQJIRUJDWKHULQJRIFRQGLWLRQV5HPHPEHU±UHVSRQVHWLPHLVLPSRUWDQW
RESUBMISSION & FINAL APPROVAL 0RVWORDQVDUHUHVXEPLWWHGWRXQGHUZULWLQJEHIRUH¿QDODSSURYDO7KLVVKRXOGEHH[SHFWHGDVDQRUPDOSDUWRIWKHSURFHVV 7KLVLVWKH¿QDOVWDJHRI\RXUORDQEHIRUHFORVLQJDQGGRFXPHQWVDUHEHLQJSUHSDUHGIRUWKH¿QDO&ORVLQJ'LVFORVXUH
CLOSING <RXDQG\RXU7LWOH$JHQWZLOOVFKHGXOHDFRQYHQLHQWWLPHIRU\RXUFORVLQJ<RXU/RDQ3URFHVVRURU0RUWJDJH/RDQ2ULJLQDWRUZLOO WHOO\RXWKHDPRXQWQHHGHGIRUFORVLQJ<RXZLOOHLWKHUZLUHIXQGVRUEULQJDFDVKLHU¶VFKHFNPDGHRXWWR\RXU7LWOH&RPSDQ\RU $WWRUQH\¶VRI¿FH2QFHWKHORDQLVIXQGHG\RX¶OOUHFHLYHWKHNH\VWR\RXUQHZKRPH&RQJUDWXODWLRQVKRPHRZQHU
*HW VWDUWHG WRGD\ JȌ ɈȌ ƮǘǞǿȌȲɈǐƊǐƵ خ ƧȌǿ ش ƮƊǶǶƊȺ ƊȁƮ ƧǶǞƧDz ر JƵɈ ²ɈƊȲɈƵƮ رخ
'+, 0RUWJDJH 0LOOHU 5G 5RZOHWW 7; GLUHFW GKLPRUWJDJHFRPGDOODV
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
Made with FlippingBook Online newsletter maker