About the Loan Process

There's quite a lot involved when you get a mortgage. You wouldn't be visiting our site if you could fill out a simple application and receive a great loan funded in one day. But Nationwide Home Loans does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in obtaining a mortgage loan.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: pre-qualify for your loan

This is where the rubber meets the road and you save the most money. You will provide information on your current job, your assets, and residence history. You'll supply your employment, asset, and residence history information. We will get your credit report and score (with your permission, of course). When we review this information we will give you a letter of pre-qualification. Be careful with this letter — it is a great tool when you make your offer! Your REALTOR® will likely use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're picking out your new home, we are finding the best loan for you.

Step three: apply now! We make it easy

Once you have made an offer and the sellers accept it, you should apply for the loan. Applying for a loan couldn't be much easier; you can apply right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order the professional appraisal on the home.

Step four: your loan is funded

Your REALTOR® and the seller's will work together to find a title company to take care of the funding of your loan once it's approved. We'll work with this company to ensure all the papers your lender will require are in order, and you will probably}likely sign everything at this company's officeWe do all the work to coordinate with the title company on your date of closing. Because you won't have to worry about these details, you can think about moving logistics, painting, new carpet, and the fun parts of getting a new home.

You've answered a few questions, provided lots of information, applied , and Before you know it, you'll be moving! Nationwide Home Loans is in the business of loans; you're not — so we do the work. Doesn't that sound nice?

Have questions about the loan process? Call Nationwide Home Loans at 5626935048. We answer questions about the loan process every day.