What does the home loan process look like?

The time period following the submission of an application can be an anxious one. It may help you to know the many details that require attention and take what can seem like a long time.

After we receive a completed application package, we will have the property appraised, verify your employment, verify your deposits and order your title commitment. Upon receipt of these items, your loan officer will review your loan. If everything is in order, we can then prepare the loan for commitment.

Once you accept the commitment and all the conditions have been met, a closing can be scheduled. Prior to the closing, a survey and inspections of the property may be required. The loan process usually takes 60 days from start to finish for a mortgage and 45 days for a home equity loan.