An overview of the loan process - Crestline Mortgage Bankers, a division of Universal Lending

An overview of the loan process...

Make no mistake, there's a lot involved in getting a mortgage loan (Getting you loan done faster). You wouldn't be here on our website if you could fill out a one-page application and get the best loan for you funded the same day. What we do at Crestline Mortgage is most of the heavy lifting for you, so you can concentrate on what's important -- preparing to move into your new home.

There are four main steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for.

Step one: Determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you (Getting Qualified)? Our staff at Crestline mortgage will 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: Obtain a Pre-Approval

This is where the rubber meets the road and you save the most money. You supply information about your employment, your assets, your residence history, and so on. We get your permission to run your credit score. When we review all this information we give you a Pre-approval Letter. Handle it with care -- to a home seller, it's like a suitcase full of cash! Your Real Estate Agent will use your Pre-Approval or Lender Letter(as they may call it) to make the best offer on the home you choose, and the seller knows you're pre-approved. It gives you buying clout! And while you're picking out the home that's right for you, we're busy finding the loan that's right for you.

Step three: Supply required documentation

Once you've made an offer and it's been accepted, it's time to sign the required disclosures amd supply the requested documentation. It couldn't be easier, most of the disclosres can be signed on-line, and the requested documentation can be e-mailed or faxed.

Step four: Your loan is closed and funded

Your Real Estate Agent and the seller's agent will work together to designate an escrow/title company to handle the funding of your loan once it's approved. Crestline Mortgage will coordinate with the title/escrow company to make sure all the paperwork is in order, and you'll sign everything at the title/escrow company's office.

You've answered a few questions, given us some detailed information, applied online, and next thing you know, you're moving in! We're in the business of mortgage loans -- so we do most of the work. Doesn't that make sense?

Ashley Hickmon with Crestline Mortgage is the local Denver expert. Call for assistance...303-669-8454

Ashley Hickmon with Crestline Mortgage, a division of Universal Lending, is the Denver, Colorado specialist for FHA, VA, Conventional and Jumbo Financing. Ashley is the local expert for first time homebuyers and can offer all down payment programs including CHFA and CHAC and The Denver Metro Mayor Bond Program.