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The Home Loan Process
One Trust Home Loans
Ian Ashton
Branch Manager
NMLS ID #406549
About One Trust Home Loans
At One Trust Home Loans, mortgages are our only business… and our products and services are proof of this dedication. Our specialized approach to home financing enables us to deliver exceptional service during every stage of the process. We understand that you have unique, personal needs and expectations, so we work together to deliver exceptional service and help you close your loan to your complete satisfaction. With a variety of home loan programs, highly competitive pricing, in-house loan processing and our unique, state-of-the-art technology, One Trust Home Loans’ staff of professionals are ready to guide you through the home financing process.
GET STARTEDWe Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
