About the Loan Process

No doubt, quite a lot involved in oder to get a mortgage loan. You wouldn't be here on our website if you could complete a one-page application and receive a great loan check cut in one day. But Tier One Mortgage, LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: Decide how much you can afford

This is a function of a couple things. 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 supply info about your current job, assets, and your residence history. You'll supply your employment, asset, and residence history information. We get your permission to run your credit score and report. After we've finished reviewing this information, we'll give you a pre-qualificaiton letter. Your REALTOR® will use your pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're deciding on the home that's right for you, we're busy finding the loan that's just right for your situation.

Step three: apply for your loan

Once you have signed an offer and the sellers accept it, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply any time right here on our site. At the end of this step, we will order the appraisal of your new home.

Step four: your loan is funded

The real estate agents will find a title company to handle the "funding" and closing of the sale. We'll coordinate with this company to make sure the papers your lender requires are avaiailable, and you will probably}likely sign everything at their officeWe do all the work to coordinate with this company to set your closing date. Because you will not need to worry with this coordination, you get to concentrate on the move, paint colors, new carpet, and all the details of moving into a new house.

You've answered a few questions, given us lots of information, applied online, and Before you know it, you're moving in! We take care of the legwork so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call Tier One Mortgage, LLC at (585) 282-0960. Tier One Mortgage, LLC answers loan process questions every day.