You are ready to find the ideal loan to buy a home in Massachusetts. But how does the mortgage process work?
Let’s go over how the mortgage process works, step by step.
Schedule a consultation.
Give us a call at (508) 223-5206, and we will schedule your consultation.
We review your information and answer your questions.
Next, your consultation takes place. At your consultation, you share your financial information with us and what you are looking for in terms of a mortgage.
In turn, we can answer your questions about home loans and help you figure out how much home you can afford and what types of loans may suit you.
Fill out your mortgage application.
After you decide what type of mortgage to apply for, it is time to fill out your application.
We will also need documentation from you at this stage, including your W-2s, employment papers, pay stubs, and bank statements. The exact list of documents will depend on the type of mortgage for which you are applying.
We handle appraisal and underwriting.
The next steps include the appraisal and the review of your financial documents. Our team will take care of all the details, and let you know if we need anything additional from you for pre-underwriting.
We grant conditional approval on your loan.
Next, you receive conditional approval for a mortgage and a loan commitment. We will inform you of the conditions you need to meet for final approval.
If pending documents are needed, we submit them.
More documents may be needed to move forward with the final approval process. We will request documents from you and from third parties to give to the underwriter for final review.
If there are any outstanding conditions you have not yet met, you will need to do so at this time.
You receive final approval.
Once the underwriter has all of the documents they need, they can sign off on your loan and give you final approval!
Closing time is here.
Now you can close on the home and finalize the sale! You will finish your paperwork at this time. If you owe any closing costs, you will need to pay them. You will then receive the keys to your new home.
As you can see, applying for a home loan through Style Mortgage is a simple process. But we will be here to guide you through it one step at a time.
Ready to apply? To schedule your consultation now, please give us a call at (508) 223-5206.
Style Mortgage, LLC is a mortgage broker only and does not make or authorize mortgage loans. All mortgage loans and loan products are offered by third party lenders. Borrowers must qualify per the terms of the third party lender’s loan products and loan programs. This is not a commitment to lend. All loan programs, rates, terms and conditions are subject to change without notice. Pre-qualification is neither pre-approval nor a commitment to lend. This site contains links to websites controlled or offered by third parties. Style Mortgage, LLC is not responsible for any information, materials, products or services offered by a third party website.