About the Mortgage Loan Process

	Shopping for a mortgage? We will be glad to help! Call us at 732-643-0200. Want to get started? Apply Online Now.

There's a lot to do in order to get a mortgage. You wouldn't be looking up loan information if it were possible to get a mortgage loan in one 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 loan involves four major milestones.

Step one: determine how much you can borrow

This is a function of a couple things. What kind of monthly payment are you looking for? 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 amount 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 questions. 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 you save the most money. You will give us info on your employment, assets, and your residence history. You'll provide your employment, asset, and residence history information. We get your permission to run your credit score and report. After we've reviewed the provided information, we'll give you a pre-qualification letter. Be careful with this letter — it is a great tool for buying your new home! With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're picking out the home that's right for you, we are looking for the loan that best fits your needs.

Step three: apply now! We make it easy

Once you have made the offer and it's been accepted, it's time to apply for the loan. It couldn't be easier, and you can do it online, right here on our website. When the time is right, we will order an appraisal of your new home.

Step four: your loan is funded

The real estate agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll work with this company to ensure all the papers your lender needs are available, and you will probably}likely sign everything at their officeWe coordinate with the title company on your closing date. Because you will not need to worry about these details, you get to concentrate on the move, painting, carpet, and all the details of getting a new home.

You've answered a few questions, provided lots of information, applied , and the next thing you know, you're moving in! We do the mortgage legwork so you can focus on finding the new home that's right for you.

Have questions about the loan process? Call America's First Funding Group at 732-643-0200. America's First Funding Group answers loan process questions every day.