How the Loan Process Works
Buying a home is one of the most important financial decisions you’ll ever make. That’s why we’ve built a step-by-step system to guide you from your first application to the closing table.
Below, we’ll walk you through exactly how the loan process works when you partner with us.
Step 1: Apply Online
The first step is simple: complete our secure online application. This gives us the key details about your goals, financial situation, and the type of home you’re interested in. Our team reviews your information right away so we can prepare personalized loan options.
Step 2: Share Your Financial Documents
Once we’ve received your application, we’ll request supporting documents like pay stubs, tax returns, and bank statements. These help us build a complete picture of your financial profile. Don’t worry, our team will provide a clear checklist so you’ll always know exactly what’s needed. After that you can securely upload your documents through our form.
Step 3: Credit Review
An important component of any mortgage is a credit but we believe it should be the last step towards your approval and not the first. If we already have your initial application, your financial documents and you are ready to proceed, click on credit review to authorize us to review your credit.
Step 4: Loan Options & Pre-Approval
Based on your application, documents, and credit review, we’ll present your loan options. We’ll walk you through the details including interest rates, monthly payments, and program requirements so you feel confident in your decision. Once you’ve chosen the right loan, we’ll issue an approval letter, giving you a strong position when making offers on a home.
Step 5: Underwriting & Processing
Next, our processing and underwriting team reviews your file in detail. During this stage, we may request additional documents or clarifications. Our job is to make sure everything is lined up for a smooth approval.
Step 6: Closing
With final approval in hand, it’s time to schedule your closing. At this stage, you’ll sign the final documents, make any required down payment, and receive the keys to your new home. Congratulations, you’re officially a homeowner!
Why Work with The Cruz Team?
We know the mortgage process can feel intimidating, but with The Cruz Team by your side, you’ll always have clear guidance and open communication. From your first application to the day you close, our mission is to make the journey as simple and stress-free as possible.
