About the Loan Process

There is little question that getting a mortgage is a complex process. You wouldn't be here on our website if you could complete a simple application and get the best loan funded the same day. But VSI Home Lending does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in obtaining a loan.

Step one: Decide on your maximum loan amount

This is a function of a couple things. 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. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This is where the process really begins and VSI Home Lending can really save you money. You will supply info about your employment, assets, and residence history. You'll supply information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission, of course). After we've finished reviewing this information, we'll give you a pre-qualificaiton letter. With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for your new home with your agent, we find the best program for you.

Step three: apply for your loan

After you've made the offer and the sellers have accepted, you should apply for the loan. Applying for a loan couldn't get much easier; you can apply from the comfort of your home right here on our site. When the time is right, we'll order the appraisal of your new home.

Step four: funding

The real estate agents will find a title company to handle the "funding" and closing of the sale. We'll coordinate with this company to make sure the papers your lender will require are avaiailable, and you will probably}likely sign everything at this company's officeWe coordinate with the title company to set your closing date. Because you won't have to coordinate this process, you get to concentrate on the move, paint colors, new carpet, and the fun parts of getting your new home.

You've answered a few questions, given us detailed information, applied online, and Before you know it, you'll be moving in! We take care of the legwork so you can spend your time finding your new home.

Have questions about the loan process? Call VSI Home Lending at 2603382561. We answer questions about the loan process every day.

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