The Mortgage Loan Process: an Overview

	In the market for a mortgage loan? We'll be glad to answer your questions about our many mortgage solutions! Give us a call at (817) 366-8666. Ready to begin? Apply Now.

No doubt, a lot to do when you get a mortgage. You wouldn't be here on our website if you could complete a one-page loan app and get a great loan check cut the same day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

There are four important steps involved in getting a mortgage loan.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. 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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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: complete a pre-qualification

This is where FNB Town Square Mortgage can start to save you money. You will provide details on your current job, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We will get your credit report and score (only after you give your permission. After we've finished reviewing your information, we'll give you a pre-qualificaiton letter. Handle it with care — it can be a great tool for buying your new home! Your REALTOR® will likely use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're picking out your new home, we are finding the loan that best fits your needs.

Step three: apply now! We make it easy

Once you've made the offer and the sellers have accepted, it's time to apply for the loan. It's very easy, and you can apply online, right here on our site. Finally, we'll order the appraisal of your new home.

Step four: funding

Your real estate agent and the seller's will work together to decide on a title company to take care of the funding of your loan once it's approved. We'll work with this company to ensure all the papers your lender will need are avaiailable, and you will probably}likely sign everything at this company's officeWe do all the work to coordinate with the title company on your closing date. Because you won't need to worry with this coordination, you get to think about moving logistics, painting, carpet, and the fun parts of moving into a new house.

You've answered some few questions, provided lots of information, applied online, and Before you know it, you'll be moving! FNB Town Square Mortgage is in the business of loans; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call FNB Town Square Mortgage at (817) 366-8666. FNB Town Square Mortgage answers loan process questions every day.