Five Easy Steps to Homeownership

Summit Funding Loan Officers are known for being the home loan experts. We educate every client on all aspects of the transaction to make sure you understand what is going on. At the end of the day, we are not just providing mortgage services, we are also creating a relationship built on integrity.

START THE PROCESS

  • Speak with a Loan Officer
  • Review credit report, financial and personal goals
  • Assessment of how much you qualify for
  • Prequalification letter is issued, contingent upon final underwriting approval

FIND YOUR NEW HOME

  • Find a Real Estate Agent partner you trust
  • Search for your new home
  • Negotiate purchase agreement

LOAN APPLICATION

  • Meet with your Loan Officer
  • Appraisal fee is collected, after 3 days
  • Great time to ask any questions you may have

PROCESSING

  • Finalize rate and loan program
  • Verify asset / income documents and employment
  • Finalize homeowners insurance
  • Order appraisal
  • Submit to underwriting

UNDERWRITING

  • Underwriting reviews file and approves
    credit and collateral
  • Satisfy final approval conditions

SIGNING DOCUMENTS

  • Loan documents sent to title / escrow
  • Title / escrow company will provide you with the amount needed for closing – make sure to bring a cashier's check
  • Review and sign final documents
  • Loan is funded, home records

GET YOUR KEYS

  • Receive your keys and celebrate in your new home!