About the Loan Process

There's little question that getting a mortgage is a complicated process. You wouldn't be looking up loan information if it were possible to get a mortgage loan in a single day with a simple application. 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.

Getting a mortgage loan involves four major milestones.

Step one: Decide how much you can afford

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. 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 rubber meets the road and VSI Home Lending can really save you money. You will give us info on your employment, assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (only after you give your permission. After we've finished reviewing the provided information, we'll give you a pre-qualificaiton letter. Be careful with this letter — it is a useful tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're looking for a new house with your agent, we find the best program for you.

Step three: apply for your loan

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

Step four: funding

The agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to make sure all the papers your lender requires are in order, and you will probably}likely sign all these papers at this company's officeWe coordinate with this company to set your closing date. Because you don't have to worry about these details, you can concentrate on the move, if you're going to repaint, carpet, and all the details of moving into your new home.

You've answered some few questions, given us detailed information, applied , and Before you know it, you'll be moving! We take care of all the loan details so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call VSI Home Lending at 2603382561. It's our job to answer lending questions, so we're happy to help!

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