Loan Process
There's no question that getting a mortgage loan is a complex process. You wouldn't be visiting our website if you could complete a one-page loan application and receive an excellent loan check cut in one day. But SkyWest Mortgage does the heavy lifting so you can concentrate on your life rather than the mortgage loan.
Getting a mortgage loan involves four major steps.
Step one: Decide how much you can afford
A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you?
Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.
Step two: pre-qualify for your loan
This is where the process really begins and SkyWest Mortgage can really save you money. You will provide info about your employment,
assets, and residence history. You'll supply information on your employment, asset, and residence history. We get your permission to run your credit score and report. After we've reviewed the provided information, we'll give you a pre-qualification letter. Handle it with care — it can be a useful tool for buying your new home! With this letter, your REALTOR® will negotiate the best deal for your new home.
The pre-qual letter gives you buying clout! While you're picking out the home that's right for you, we are finding the best loan program for
you.
Step three: apply for your loan
Once you have signed the offer and the sellers have accepted, it's time to apply for the loan. Applying for a loan couldn't be much easier;
you can apply from the comfort of your home right here on our site. At the end of this step, we will order the appraisal of your new home.
Step four: funding
The real estate agents will find a title company to handle the
"funding" and closing of the sale. We'll coordinate with this company to make sure the papers your lender requires are available, and you
will probably/ likely sign everything at this company's office we work
with this company to set your closing date. Because you don't have to worry about this coordination, you can think about the move, painting,
new carpet, and all the details of getting your new home.
You've answered a few questions, given us detailed information,
applied online, and Before you know it, you're moving! We take care of all the loan details so you can focus on finding the new home that's right for you.
