USALLIANCE MORTGAGES
Our Lending Process
Learn about the USALLIANCE process
Our Lending Process
1. Getting Started. The best place to start is by educating yourself about the different types of Mortgage Products that are available to you. Check out current rates , save money, and check your credit score to determine what you may qualify for. You should also start gathering the documents you’ll need to complete the process.
2. Pre-Qualification. Know what you can afford before you shop. Through a fast and free process, we can give you prequalification on a loan amount and a monthly payment that fits your needs. When you find the home you want, you can use your USALLIANCE Financial pre-qualified mortgage loan to negotiate and buy with confidence.
3. Loan Application. To begin the application process, apply online at any time. There is no cost or obligation with our online application. We will need certain information about yourself and the property you are planning to purchase or refinance. Information can be changed if necessary as you work with your loan officer to complete your application.
Apply Now
4. Processing and Underwriting. Once your loan application is completed, your loan processor will collect and analyze your information and review the loan for approval. The processor will also order an appraisal on the subject property. An underwriter will analyze the information in your loan packet once it’s complete, review the property, examine your credit, handle your mortgage insurance (if applicable), and assign any loan conditions.
5. Closing. Once all your pre-closing conditions are approved, we will set up a closing date convenient for you. The closing agent will provide the loan documents. The closing agent will also provide you with a list of items you will need to bring with you to closing, as well as your final closing figures. Once your appointment with the closing agent has been established, we will work hand in hand with the closing agent to provide you with all information in a timely manner so that you can prepare for the closing of your mortgage loan.