| |
| Note: The below process assumes the borrower(s) will be approved for the loan. |
| |
| STEP ONE -- Determine how much you can borrow |
| |
|
Contact Covenant Mortgage to find out how much home you can buy,
even before you begin looking. Once you've answered a few simple questions, we'll calculate your buying power,
based on standard lender guidelines. You'll need to supply some brief information about employment, assets, etc. Once we've reviewed this information, we'll issue your
Pre-Qualification Letter, which gives you the clout of an "all-cash" buyer. As you begin looking for
a home, we'll begin looking for the best loan to meet your specific needs. Your Real Estate
Agent will use your Pre-Qualification Letter to negotiate the best deal for you.
|
|
|
Important Note:
Do not allow anyone to obtain free credit reports for you. These
reports will have to be obtained later anyway. This score is extremely important to your overall credit evaluation in
the underwriting process for your mortgage loan.
To learn more about Credit Risk Scores, Click Here
|
| |
| STEP TWO -- Apply Now! Getting started is easy. |
| |
| When you've selected a property and have a contract with the Seller,
the next step is to complete your loan application, which can be done easily through our website
or by speaking with your Covenant Mortgage Loan Officer.
Click
on
Apply for a Loan
to start your application. |
| |
| At the appropriate time we'll order a property appraisal for you.
|
| |
| STEP THREE -- Your Loan is Approved and Funded |
| |
| Your Covenant Mortgage Loan Officer can
recommend a Title/Settlement Company to you, or you may use a company of
your choice. Your Loan Officer will also assist you along the way with many other factors which make your purchase go smoothly.
|
| |
| We will coordinate with the settlement team and you'll sign the final
papers at their office, your home or at Covenant Mortgage's offices. |
| |
| Simple,
Straightforward, Cost Effective, and FAST! |
| |
| |
