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    Loan Info & Links to Awesome Lenders

    Loan Process

    In this market, its important to be approved for a loan before you start house shopping.  Many homes are Short Sale or Bank Owned and will require a Lender Approval Letter with the offer! 
    Before we start shopping, you will contact a loan officer either with a bank or mortgage broker to begin the loan process.
    This is a two part procedure. First is qualifying you as a borrower. The loan officer will require such things as 2 years past tax returns with W-2s, 3 months past bank statements, 30 days past pay stubs, etc.
    The second part qualifies the lender, stating that the collateral offered by the property is sufficient to cover the amount of the loan you wish to make. This process usually takes about 20 days to get the verifications of date you submitted and get your final loan approval. In the mean time, you will get a pre-qualification letter stating pending the verification of the data you submitted, you are qualified for the loan you need to make your purchase.
    I highly recommend Dan Doster at Prime Lending and Tobby Goicoechea at Eagle Home Mortgage.
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