The Loan Process
Welcome to Assure Home Funding, where we simplify your loan process. As your trusted partner, we guide you through every step, ensuring a smooth and transparent experience. Our goal is to provide you with the knowledge and support you need to secure the right home loan for your unique needs confidently.
STEP ONE: INITIAL DISCUSSION & APPLICATION
Let's begin by arranging a time to discuss your goals. By having a conversation, we can ask questions and ensure that we're aligned in understanding your objectives. Please use this link to schedule a time that works for you click here. During our call, we'll also provide information on available loan programs and walk you through the process.
Please click here if you'd prefer to begin with our online questionnaire before speaking. The more details you provide, the faster we can assist you in achieving your goals. Additionally, we'll send an email requesting specific documents necessary for your home loan process, which we will carefully review.
STEP TWO: PRE-APPROVAL & LOAN SCENARIOS
A pre-approval letter is a communication to the real estate agents and the sellers of properties that you are qualified to purchase a home up to a certain price with a specific loan type. Loan Types. The letter will indicate that we have reviewed your credit report, financial documents, and other pertinent information. This information is then uploaded into an automated underwriting system (AUS – managed by Fannie Mae or Freddie Mac) which will generate a pre-approval based on the respective loan guidelines. We also provide loan scenarios for you to review the estimated costs of a home loan based on your purchase goals.
STEP THREE: SEARCH FOR A NEW HOME
Having a local Real Estate Agent to provide information, guidance, and contract negotiation to represent you is essential as they protect your interests. They have access to home search websites and market knowledge that will assist you in finding your home. Once you find the right home, they will develop the sales contract and present it to the seller’s real estate agent. Once you have an executed contract, you are on to the next step.
STEP FOUR: LENDER SELECTION & LOCKING AN INTEREST RATE
Once we have the executed contract, we review the specifics to select a lender best suited to meet the sales contract requirements and provide the best service and the lowest cost. We then upload the application, lock the loan, and have the lender send the disclosures. These include the official Loan Estimate and other disclosures outlining the specifics of the loan program. The appraisal can be ordered once the disclosures are