Ask us about our summer appraisal rebate special
Apply online or by phone appointment. Your credit and financial information will be checked and, if approved, you will receive a prequalification letter.
Find the right home for you. Make an offer, and negotiate the terms of your home purchase.
Once you have an executed purchase agreement the loan officer than completes the loan application with the property information and personal information of each borrower. The loan processor will also collect the required documents needing for the underwriting process. These documents include tax documents, employer documentation, bank statements, and more.
A home inspection is generally optional and recommended. However, it should be ordered early in the mortgage process.
An appraisal is ordered to confirm the value of the property you are purchasing.
The abstract of the property is brought up-to-date and reviewed. An attorney provides a legal opinion of the title.
The financial and property information is evaluated and the underwriter accesses the risk to insure the barrower meets all of their minimum requirments for a home loan.
The documentation provided previously to the underwriter is reviewed and any follow-up items requested by the underwriter is submitted for final approval.
Underwriting issues a final loan decision. A Closing Disclosure (CD) is issued 3-6 days prior to closing. There is a 3-day waiting period after the CD is received.
Sign your loan papers and move into your new home.
Copyright © 2019 1st Option Mortgage LLC - All Rights Reserved.
This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. 1st Option Mortgage LLC is not affiliated with any government agency.
Fl License # MBR1742
MI License # FL0019791