04 TERMS, LOCKS & DISCLOSURE UPDATES We will meet to discuss and finalize your application, loan terms, rate lock and next steps.
05
UNDERWRITING & APPRAISAL We’ll verify your application information, assess your credit and collateral, and order an appraisal to ensure you’re not overpaying.
THE UNDERWRITING PROCESS:
A n underwriter will complete an initial review within 48 hours If any conditions are required, we’ll work with you to clear conditions within 2 days Your loan will return to an underwriter for final review and a clear to close (CTC) We will inform all parties of the CTC and verify the closing date and time
06
CLOS I NG Time to celebrate! after all of the paperwork is signed, you’ll receive the keys to your new home!
ARRIVE PREPARED:
P lan to review the final documents to confirm the rate and loan amount Contact your title company to confirm appropriate method of closing funds Bring your photo I.D. and possibly a social security card to confirm your identity
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