Obtaining a mortgage loan is a four-step process. Tackling it alone is tough. We help you through it so things are done right, giving you time to concentrate on moving into your new home.
Step One: Determine How Much You Can Borrow
This depends on a number of factors, including credit history, and employment history, current income and debt. We walk you through the calculations and lender guidelines so you can zero in on the right loan program for you.
Step Two: Pre-Qualify for Your Loan
A Pre-Qualification Letter from First Star is the key way for you to save time and money. With your permission, we review your complete financial picture and provide the “Pre-Qual” letter that makes you stand out as a desirable homebuyer, enabling you to negotiate the best possible deal.
Step Three: Apply Now! (We Make It Easy)
Once you've made an offer and it's been accepted, it's time to complete the loan application. We guide you through the process so all the paperwork is done correctly. When the time is right, we'll order an appraisal of your new home.
Step four: Your Loan Is Ready to Close
Your realty agent and the seller's will work together to designate an escrow/title company to handle the funding of your loan that has been approved. We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.
Bottom line: First Star makes the loan process easy and stays with you every step of the way.