About the Mortgage Loan Process

There's little question that getting a mortgage is a complicated process. You would not be looking up loan information if you could get a loan in a single day with a simple application. But America's Home Loans does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major milestones.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. 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 America's Home Loans can begin to save you money. You will provide info about your employment, assets, and your residence history. You'll supply information on your employment, asset, and residence history. We will get your credit report and score (with your permission. When we review all this info we provide a letter of pre-qualification. Your REALTOR® will likely use the pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're shopping for the home that's right for you, we are looking for the loan that best fits your needs.

Step three: apply for your loan

Once you have made an offer and the sellers accept it, you should apply for the loan. It couldn't be easier, and you can apply online, right here on our website. After the seller has accepted your offer and you have submitted your loan application, we will order the professional appraisal on the home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" and closing of the sale. We'll coordinate with this company to ensure the papers your lender needs are in order, and you'll probably}likely sign all these papers at this company's officeWe work with with the title company on your date of closing. Because you will not need to worry with this coordination, you get to concentrate on moving, if you're going to repaint, carpet, and all the details of getting your new home.

You've answered a few questions, provided lots of information, applied , and the next thing you know, you are deciding when to move in! America's Home Loans is a mortgage specialist; you're not — so we do the work. Makes sense, doesn't it??

Have questions about the loan process? Call America's Home Loans at 701.222.0100. It's our job to answer lending questions, so we're happy to help!

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