How the Loan Process Works

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

Step One: Determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment amount using the calculators on our website. 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 step is where Front Range Lending can start saving you money. You will give us details about your current job, assets, and your residence history. You'll supply information on your employment, asset, and residence history. We run your credit score and report. After we've finished reviewing the provided information, we'll provide you with a pre-qualification letter. With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're deciding on your new home, we are finding the loan that best fits your needs.

Step Three: Apply for your loan

Once you have made an offer and the sellers accept it, you should apply for the loan. It couldn't be easier, and you can do it online, right here on our site. When the time is right, we'll order an appraisal of your new home.

Step Four: Funding

The agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to make sure the papers your lender requires are available, and you will probably sign all these papers at this company's office. We will coordinate with the title company to set your date of closing. Since you will not have to coordinate this process, you get to concentrate on moving logistics, paint colors, carpet, and the details involved in moving into a new home.

Once you've answered some few questions, provided detailed information, and applied online, you're ready to move in! Front Range Lending is a mortgage specialist; you're not — so we take care of the details. Doesn't that make sense?