How the Loan Process Works

There's little doubt that getting a mortgage is a complicated process. You wouldn't be here on our website if it were possible to complete a simple loan application and get the best loan funded in one day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

There are four main steps involved in getting a loan.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? 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 VSI Home Lending can begin saving you money. You will give us information on your current job, your assets, and residence history. You'll provide your employment, asset, and residence history information. We run your credit score and report. We will go over this information then will give you a pre-qualification letter. Your real estate agent will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for a new home with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have made the offer and it's been accepted, you should complete the loan application. Applying for a loan could not be much easier; you can apply from the comfort of your home right here on our site. After the offer has been accepted and you have applied for your loan, we'll order a professional appraisal on the home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to designate a title company to handle the funding of your loan. We'll work with this company to ensure all the papers your lender will require are avaiailable, and you'll probably}likely sign everything at this company's officeWe coordinate with the title company on your date of closing. Since you will not need to worry about these details, you get to concentrate on moving logistics, paint colors, carpet, and the fun parts of getting your new house.

You've answered a few questions, given us lots of information, applied , and the next thing you know, you are deciding when to move in! VSI Home Lending is in the business of loans; you're not — so we take care of the details. Doesn't that make sense?

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