There are four main steps to getting a home loan:
Loan Application, Processing, Underwriting and Closing/Funding. At InterFirst Lending Corporation, we strive to set each client up for the smoothest transaction possible. Call us today and let us explain the process!
1. Loan Application
Completing the loan application online or with the help of a trusted InterFirst Advisor.
To apply for a loan you will need to submit information about your personal finances and the property you wish to purchase. Within a few days of receiving all required documents, our expert will come back to you with a Good Faith Estimate and a Truth in Lending Disclosure.
Gathering, Analyzing & Supporting Statements from the Application
A InterFirst Lending Corporation Processor will organize the paperwork, make sure the documentation is complete and prepare your application for underwriting. They will review your credit reports, verify debts and examine payment histories. Our team is trained to trouble shoot potential challenges early on and help you prepare written explanations about late payments, property issues, and anything else that may come up.
Performing an analysis of credit history, property and conditions
InterFirst Lending Corporation employs in-house underwriters to ensure that your loan goes through as quickly as possible. As a mortgage bank, InterFirst Lending Corporation can fund their own loans or broker them out, giving our clients more options and better opportunities. Our underwriters will carefully evaluate the loan application and documents, assess the risk and determine the conditions for the loan.
4. Closing / Funding
Reviewing and signing documents to fund the loan and close the transaction
Once the conditions for the loan have been met, InterFirst Lending Corporation will send your file into Escrow. During closing, you will get a call from an Escrow officer to come in and sign the loan documents. After reviewing them carefully and settling any credits or costs, Escrow will return your docs to us for funding. The funds will be transferred to the selling party and you will receive the title to your new home. Congratulations – you’re done!
Working with InterFirst Lending Corporation
- We put YOU first. We are committed to getting every client the best possible deal every single time
- InterFirst Lending Corporation offers some of the most competitive rates in the Nation!
- Fast and efficient, we close most of our loans in 30 days or less
- We offer a variety of loans. InterFirst Lending Corporation will find you the loan that is right for you. We work with both conventional and FHA loans to get you the loan that meets your unique needs