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Steps to secure Home mortgage loans
Step
1: Contact American National Mortgage Corp.
- Let
us know what your personal needs are, we will
discuss loan programs & your options.
Step
2: Complete Application and Get a Pre-Approval
Letter
- Fill
out the application online with our “Apply
Now” link to get your loan started.
- We
will provide you and your agent a Pre-Approval
Letter to be used when making an offer on
a house.
Step
3: You Find a Home and We Receive Accepted Purchase
Agreement
- Your
agent will provide us with a completed purchase
agreement and will give us the escrow and
title information.
Step
4: The Home Appraisal is Ordered
- The
cost for an appraisal is determined by the
value of your home.
Step
5: Completed File is Submitted to Lender
- Your
application, disclosures, credit report, bank
and asset statements, escrow instructions,
preliminary title report and appraisal are
submitted to the lender once we have received
these and any other required documentation.
- To
process your loan we will need documentation
from you to verify your income and assets.
Documentation may vary depending on your loan
program.
- We
will need copies of the following:
-
Recent pay stubs covering the last 30 days.
- W2 forms for the previous two years or
verification of other types of income; for
non-W2 employees, we will need 2 years tax
returns.
- Most recent three months worth of statements
for your checking, savings
and investment accounts. |
Step
6: Approval Received with List of Conditions
to be Met
- The
lender accepts the loan request and may have
additional documentation that they will need
before docs are drawn or before they fund
the loan.
Step
7: Your Loan is Locked
- You
are locked in at the agreed-upon interest
rate.
Step
8: Docs are Ordered and Sent to Escrow for You
to Sign
- Once
prior to doc conditions are reviewed by the
lender, they will draw your docs and forward
them to the escrow company.
Step
9: Lender Reviews Docs and Final Conditions
- Escrow
sends the signed docs back to the lender for
final review.
- Any
final prior to funding conditions are also
received and reviewed.
Step
10: Lender Funds Your Loan
- The
lender sends a wire to the title company.
- Escrow
will disburse the funds to the appropriate
parties.
- Your
loan closes, Congratulations!
Get
started right now, Contact
Us today!
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