Loan Process
The Mortgage Loan Process: Step-by-Step
We believe that obtaining a mortgage should be a transparent and straightforward experience. Our goal is to guide you through every step of the mortgage loan process, ensuring you have the knowledge and support you need to make informed decisions and achieve your dream of homeownership.
Step 1: Pre-Qualification
Initial Consultation: Discuss your financial goals and gather basic information.
Pre-Qualification Letter: Receive a letter that helps determine your budget and strengthens your offer.
Step 2: Loan Application
Complete the Application: Submit a formal mortgage application with necessary documents (income verification, credit history, etc.).
Explore Loan Options: Review and select the mortgage product that best fits your needs.
Step 3: Processing
Document Collection: Provide additional documents as requested (bank statements, tax returns, etc.).
Property Appraisal: Arrange for an appraisal to determine the property's market value.
Home Inspection: Conduct a home inspection to assess the property’s condition.
Step 4: Underwriting
Evaluation: Underwriters review your application and documents to assess risk and compliance.
Approval Conditions: Address any conditions or additional requirements needed for final approval.
Step 5: Closing
Final Review: Complete a final review of all documents and details.
Closing Meeting: Sign the necessary paperwork to finalize your mortgage.
Funding: Funds are transferred to complete the purchase of your home.
Step 6: Move In
Welcome Home: Receive the keys to your new home and start this exciting new chapter!
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Nathan Hampton is a Licensed Loan Officer NMLS #1138359 with Hampton Home Loans NMLS#1610253
Hampton Home Loans
135 N 900 E, #2,
Saint George, UT 84770
NMLS# 1610253
For licensing information, go to: www.nmlsconsumeraccess.org
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