How getting a home loan works

  1. Run the numbers and talk

    15 minutes. You use the calculators, then we talk about your income, savings and plans. No credit pull at this step.

  2. Pre-approval

    Usually 1 to 3 days once your documents are in. You authorize a credit pull, upload documents through Loan Factory’s secure system, and get a pre-approval letter with your loan amount.

  3. Find a home and sign the purchase contract

    You work with your realtor. When you find a home, I update your pre-approval letter to the exact price so your offer is stronger.

  4. Appraisal and underwriting

    Usually 30 to 45 days from the signed purchase contract. The appraiser values the home, the lender reviews your file, and I update you at each milestone.

  5. Sign and get the keys

    You receive your Closing Disclosure at least 3 business days before signing, check it against your Loan Estimate, then sign and move in.

A refinance is faster

There’s no home to find, so it usually takes 3 to 5 weeks from application to signing. FHA Streamline and VA IRRRL can be faster because they often don’t need a new appraisal.

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