The Home Loan Process
Sam Bromley
NMLS #1151654
Bromley Mortgage Team
Bio
I have been in the mortgage business for the better part of a decade and my goal has been the same from the beginning, to be your lender for life. I love guiding and advising clients through the mortgage process. I am licensed and service the entire state of Colorado. I am able to assist with conventional, VA, FHA, and bank statement loans. In my free time, you can find me skiing at Monarch Mountain or golfing at Four Mile Ranch Golf Club, whichever the weather allows. I look forward to helping you finance your dream home.Get in Touch
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
Get Started Today
Start the Home Loan Process
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Keller Williams Realty
Get in Touch
- 2211 Rimland Dr Ste 230, Bellingham, WA 98226
- (360) 738-7070
