How the Loan Process Works

There can be no question that getting a mortgage loan is a complex process. You wouldn't be visiting our website if it were possible to fill out a simple loan app and receive a great loan check cut the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a home loan involves four major milestones.

Step one: determine how much you can borrow

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: complete a pre-qualification

This is where the process really begins and Strategic Home Loans, Inc. can really save you money. You will give us information about your employment, assets, and residence history. You'll provide your employment, asset, and residence history information. We pull your credit score and report. After we've reviewed this information, we'll give you a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're looking for a new home with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have signed the offer and the sellers have accepted, you should apply for the loan. Applying for a loan couldn't get much easier; you can apply right here on our site. After the offer has been accepted and you have applied for your loan, we will order a professional appraisal on the home.

Step four: funding

Your real estate agent and the seller's will coordinate to designate an escrow/title company to take care of the funding of your loan once it has been approved. We'll coordinate with this company to make sure the papers your lender requires are avaiailable, and you will probably}likely sign everything at this company's officeWe do all the work to coordinate with this company on your date of closing. Since you don't need to worry with this coordination, you get to concentrate on the move, painting, new carpet, and the fun parts of getting a new house.

You've answered a few questions, provided detailed information, applied , and the next thing you know, you are moving in! Strategic Home Loans, Inc. is in the business of loans; you're not — so take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call Strategic Home Loans, Inc. at (805) 496-7500. Strategic Home Loans, Inc. answers loan process questions every day.

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