About the Loan Process
There can be little question ; getting a mortgage loan is a complex process. You wouldn't be visiting our website if it were possible to complete a one-page loan application and receive the best loan funded in one day. But Front Range Lending does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a loan involves four major steps.
Step one: determine how much you can borrow
This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount 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: complete a pre-qualification
This is where the process really begins and Front Range Lending can really save you money. You will give us info on your current job, your assets, and residence history. You'll provide your employment, asset, and residence history information. We will pull get your credit report and score (with your permission. We'll go over this information and will provide a pre-qualification letter. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're shopping for the home that's right for you, we're busy researching the loan program that's just right for you.
Once you have made the offer and the sellers have accepted, it's time to complete the loan application. Applying for your loan could not get much easier; you can apply from the comfort of your home right here on our site. After the offer has been accepted and you have submitted your loan application, we will order the professional appraisal on the home.
Step four: funding
The real estate agents will find a title company to handle the "funding" of the loan and closing. We'll coordinate with this company to ensure the papers your lender will require are avaiailable, and you will probably}likely sign all these papers at this company's officeWe coordinate with this company to set your closing date. Since you won't need to coordinate this process, you can think about moving logistics, if you're going to repaint, carpet, and all the details of moving into a new house.
You've answered some few questions, provided detailed information, applied online, and the next thing you know, you are deciding when to move in! Front Range Lending is a mortgage specialist; you're not — so we take care of the details. Doesn't that sound nice?
Have questions about the loan process? Call Front Range Lending at 7202537070. It's our job to answer lending questions, so we're happy to help!