Your search results

Lending Services

Once you have estimated your home budget, you may start looking at homes within your price range. This is also when you take the first step toward getting a mortgage.

That first step is to get a pre-approval letter from a mortgage lender. This letter shows how much a mortgage lender has approved you to borrow, based on your savings, credit, and income. Ideally, you will want to do this before you make an offer on a house. Having a pre-approval letter gives your offer a lot more clout, because the seller has solid evidence that you are qualified for a loan to purchase the home.

When you make your offer, you’ll generally also submit your earnest money deposit. The earnest money is a cash deposit made to secure your offer on the house and show the sellers that you are serious about buying.

Now that you have found a home and your offer has been accepted, it will be time to make a final decision about your lender. When shopping for a mortgage, remember, your rate does not just depend on your application. It also depends on the type of loan you get. After selecting a lender, you will be required to complete a full mortgage loan application. Most of this application process was completed during the pre-approval stage, but a few additional documents will be required to get a loan filed through underwriting.

Once your full loan application has been submitted, the mortgage processing stage begins. For you, the buyer, this is mostly a waiting period.

After the loan has been approved, the lender will send the closing documents, along with instructions on how to prepare them, to the closing attorney or title company. Prepare yourself for a big stack of papers you will be signing!

Vantage Residential agents have a network of lenders available to buyers. Our chosen business partners have provided our clients with the most reliable and efficient mortgage lending services available.

  • Search Real Estate

Compare Listings