An Overview of the Loan Process

	Shopping for a mortgage loan? We'll be glad to discuss your mortgage needs! Give us a call at 405-720-7064. Want to get started? Apply Now.

There's no question ; getting a mortgage is a complicated process. You wouldn't be here on our site if it were possible to fill out a one-page application and receive the best loan check cut in one day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Getting a mortgage loan involves four major steps.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a monthly payment can you afford? 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 quewstions. 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 GPN Mortgage can really save you money. You will supply info on your current job, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (with your permission. After we have reviewed this info we will provide a pre-qualification letter. Your real estate agent will use your pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're picking out your new home, we're busy finding the loan that's right for you.

Step three: apply now! We make it easy

Once you've made an offer and the sellers have accepted, you should apply for the loan. It couldn't be easier, and 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: funding

The real estate agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll work with this company to ensure the papers your lender will need are avaiailable, and you will probably}likely sign all these papers at this company's officeWe do all the work to coordinate with the title company to set your date to close. Because you will not have to worry with this coordination, you get to think about moving, painting, carpet, and the fun parts of getting your new house.

You've answered some few questions, given us lots of information, applied online, and Before you know it, you're moving! We do the legwork so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call GPN Mortgage at 405-720-7064. It's our job to answer lending questions, so we're happy to help!