The first step is deciding which loan type best suits your needs. Many borrowers in Oregon settle on Conventional of FHA home loans, both excellent options. However, there are many other choices that may benefit you more depending on your circumstances, including USDA RD Loans, VA Loans, Down Payment Assistance Programs and many more. Start by getting in touch and our team will be happy to answer your questions and assist you in learning about and finding the right loan!
Apply for your home loan either in-person or by using SimpleApp, our secure online mortgage application. The process takes as few as ten minutes and allows you to apply securely from anywhere. If you have any questions while applying, or would like to speak with a loan officer in person, please contact us using the contact widget below or by calling our office.
Processing the Application (7-10 business days*) Once we receive your application, a loan processor will verify for accuracy your credit, income, and asset information, and then complete a credit and income decision. For approved loans, a local appraiser will be commissioned to review the property. A title company/settlement agent is also selected to handle your closing. If there is a company with whom you prefer to work, please let us know about your preference. We encourage you to contact your processing agent at any time if you have any questions or concerns relating to your loan.
Underwriting the Loan for Approval (24 hours*) The final underwriting process to approve or deny a loan is typically completed within 24 hours of final processing. Each underwriting decision is based upon several basic factors. Your processing agent will reach out with instructions on how to satisfy specific underwriting conditions if any issues do arise.
Getting Your Money (5 days*) Once your loan has been approved, closing documents will be prepared and then provided to the closing agent for your signature. Signing typically happens within three days of loan approval. After the closing documents are completed, your loan is recorded. Depending upon the type of transaction, funds will generally be disbursed within 3 to 5 business days upon our receipt of the fully executed documents!
If you're looking for a trusted lender, you're in the right place. Interested in how much you can qualify for? Curious who offers the best rates? We can answer any questions you have about getting a mortgage and will help you find the loan program that best meets your needs.
Please call us today or apply online in less than 10 minutes using SimpleApp, our secure online application. We look forward to answering your questions and helping you make your dream of homeownership a reality!
*Please note that these times are estimates that may vary depending on several factors, including receiving completed documentation in a timely manner, approval guidelines, and services provided by third parties. A pre-qualification for a loan is a request the type and amount of loan you may be eligible for, and does not constitute an application or a commitment to lend. A pre-qualification converts into a loan application when credit is requested by an applicant. Because a completed loan application is required to obtain loan approval, it is very important that any requests for additional documentation be provided in a timely manner.