The Mortgage Loan Process: an Overview

	Searching for a loan? We will be glad to assist you! Call us at 530-722-3152. Ready to get started? Apply Now.

Make no mistake, there's quite a lot involved in oder to get a mortgage loan. You wouldn't be here on our website if you could fill out a one-page application and receive an excellent loan check cut the same day. But USLending Co. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major steps.

Step one: Decide how much you can afford

A couple of factors determine this amount. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This step is where USLending Co. will start to save you money. You will give us info on your employment, assets, and your residence history. You'll supply your employment, asset, and residence history information. We get your permission to run your credit score and report. After we've finished reviewing your information, we'll give you a pre-qualificaiton letter. Your agent should use the pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for your new house with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have made an offer and the sellers have accepted, it's time to apply for the loan. It's very easy, and you can do it online, right here on our site. Finally, we'll order the appraisal of your new home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to decide on a title company to handle the funding of your loan once it has been approved. We'll work with this company to ensure all the papers your lender will need are in order, and you will probably}likely sign everything at this company's officeWe do all the work to work with with the title company to set your date to close. Because you will not need to worry with this coordination, you get to think about the move, paint colors, carpet, and all the details of moving into a new house.

You've answered some few questions, given us detailed information, applied , and Before you know it, you're moving in! USLending Co. is a mortgage specialist; you're not — so we take care of the details. Doesn't that sound nice?

Have questions about the loan process? Call USLending Co. at 530-722-3152. It's our job to answer lending questions, so we're happy to help!