About the Mortgage Loan Process

	Are you looking for a mortgage loan? We'd be thrilled to answer your questions about your mortgage needs! Give us a call today at (219) 947-0001. Ready to get started? Apply Online Now.

Make no mistake, there's a lot to do in oder to get a mortgage. You wouldn't be looking up loan information if you could get a mortgage loan in a single day by filling out a simple application. But AmeriFirst does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in getting a loan.

Step one: Decide how much you can afford

This is a function of a couple things. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: pre-qualify for your loan

This is where the process really begins and you save the most money. You will give us details on your current job, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We run your credit score and report. We'll go over this info and give you a pre-qualification letter. Handle it with care — it can be a great tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. While you're picking out your new home, we are looking for the loan that best fits your needs.

Step three: apply now! We make it easy

After you've made an offer and the sellers accept it, you should apply for the loan. Applying for your loan couldn't be much easier; you can apply online right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order a professional appraisal on the home.

Step four: funding

Your real estate agent and the seller's will coordinate to find a title company to handle the funding of your loan once it's approved. We'll coordinate with this company to ensure the papers your lender requires are avaiailable, and you'll probably}likely sign all these papers at their officeWe work with with this company on your date of closing. Since you don't need to coordinate this process, you can think about moving, painting, carpet, and all the details of getting a new home.

You've answered some few questions, given us detailed information, applied , and before you know it, you're deciding when to move in! We do the mortgage legwork so you can spend your time finding your new home.

Have questions about the loan process? Call AmeriFirst at (219) 947-0001. It's our job to answer lending questions, so we're happy to help!