About the Loan Process

There can be no doubt ; getting a mortgage loan is a complicated process. You wouldn't be visiting our website if it were possible to complete a one-page loan app and receive an excellent loan funded in one day. But 1st Credential Mortgage Inc does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in getting a loan.

Step one: determine how much you can borrow

A couple of factors determine this amount. How much of a monthly payment can you afford? 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. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. 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 rubber meets the road and you save the most money. You will supply details about your employment, assets, and your residence history. You'll supply information on your employment, asset, and residence history. We get your permission to pull your credit score and report. After we've reviewed your information, we'll give you a pre-qualificaiton letter. Be careful with this letter — it is a great tool when you make your offer! 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 picking out the home that's right for you, we are researching the best loan for you.

Step three: apply now! We make it easy

Once you have signed the offer and the sellers have accepted, you should apply for the loan. Applying for your loan couldn't get much easier; you can apply online right here on our site. After the offer has been accepted and you have applied for your loan, we'll order a professional appraisal on the home.

Step four: your loan is funded

The agents will find an escrow/title company to handle the "funding" and closing. We'll coordinate with this company to make sure the papers your lender will require are in order, and you will probably}likely sign everything at this company's officeWe work with with the title company to set your closing date. Since you won't have to coordinate this process, you can concentrate on moving, painting, new carpet, and the fun parts of moving into your new home.

You've answered a few questions, provided lots of information, applied online, and the next thing you know, you are deciding when to move in! 1st Credential Mortgage Inc is a mortgage specialist; you're not — so take care of the details. Doesn't that make sense?

Have questions about the loan process? Call 1st Credential Mortgage Inc at (281) 778-0805. It's our job to answer lending questions, so we're happy to help!

Basic Pre-Approval

Get the Best Mortgage Rate! Tell us a little about your current needs and we can use that information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.