Coldwell Banker Griffith and Blair

Financing Process

Financing Process

Financing Process

  • Complete the loan application. An application fee may be required by the lender.
  • The lender begins processing the application.
  • The lender will provide a booklet containing specific loan information and a good faith estimate of closing and related costs.
  • The lending instituition requests an appraisl of the home, a credit report and verifcation of employment and assests, such as bank accounts.
  • An estimate of your loan costs, in the form of an Initial Truth in Lending Disclosure Statement (Reg Z) is issued.
  • The lender evaluates the application, along with supporting documentation, and approves the loan.
  • The lender disburses the funds to the settlement or closing agent. Seller is paid and title to home is yours.
  • Sign closing documents and the loan is funded.
  • Appropriate documents recoreded at the countys recorder's office.
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