What are the steps in the loan process?
Whether you’re refinancing, purchasing your first home, or buying your next home, our mortgage specialists will guide you through every step of the loan process.
Applying For A Home Loan
Your Loan Officer will ensure you have all the documents needed and assist you with the application process from start to finish.
Getting Your Mortgage Approved
After reviewing and signing off on the necessary paperwork and evaluating your credit, your Loan Officer will help determine your eligibility and find the best loan available. In some instances, your home may need to be appraised before approval.
Closing Your New Loan
After an easy application and official approval, you’ll attend a “closing” where you’ll be asked to review and sign final loan documentation.
How long does the home loan process take?
Our Mortgage Specialists begin working immediately to identify what type of mortgage is right for you. The streamlined Embrace approach means the entire process will be as simple as possible, with many loan processes wrapped up in as little as 21 days after receiving all application documents.
Finding a mortgage company you can trust to help ensure your closing happens on time is important. Since Embrace is a direct lender, we are able to streamline the home loan process to ensure a fast, stress-free on-time closing.
What types of information and documentation will be needed?
The types of documents needed for a loan application vary by loan type, and there are many types of home loans available. Additional factors that can affect what documents are needed may include:
- Where You Live in the United States
- Your Credit Score
- Your Monthly Personal or Household Budget
The most common document types requested during any loan process are:
- Proof of Employment
- Proof of Income
- Resident Status
- Past Tax Documents
- Financial Account Information
Let Embrace Home Loans help you secure a mortgage today. Call 800-620-6292 to speak with one of our loan officers. Or fill out this no obligation form and one of our specialists will contact you.