Your

Mortgage

Is Waiting

Purchase
Refinance
Team
Careers
neighborhood loans awards
thumbs up

98% Customer Satisfaction

fanie & freddie mac mortgage approved direct lender

Fannie & Freddie Approved Direct Lender

Stop watch

24 Hour Pre-Approval Target

Our Mortgage Process from Start to Finish

swipe-icon
Apply Online
decorative vertical line
Pre-Approval
decorative vertical line
Begin Home Search
decorative vertical line
Loan Submitted to Processing
decorative vertical line
Clear to Close
woman on laptop

Our five-step mortgage process starts by applying online and getting pre-approved within 24 hours. This will require you to provide us some basic financial and personal information. We will take that information and get back to you with a pre-approval letter.

couple signing paperwork with mortgage lender

Getting pre-approved determines how much we are willing to lend, allowing you to shop for homes with confidence. Sellers will take your offer more seriously when you have a pre-approval from a lender. With this complete, you can now start your home search.

agent opening front door of house

Finding the right home takes time, there are many things you need to look for and work out with the sellers. Once you find the home you’d like to purchase, make an offer, and come to an agreement with the seller, we will submit your loan to our processing team.

loan being processed

This may seem far from simple for people, but Neighborhood Loans has you covered! The mortgage loan processor is the link between your loan officer and underwriter. We collect and verify all the documents necessary to prepare your loan. This is arguably the most important part of the loan process.

apply online with neighborhood loans for a mortgage pre-approval

After you’re cleared-to-close, we will schedule your closing and fund the loan on the day that is most convenient for you. After the final documents are signed, you will be given the keys to your new home! We look forward to helping you through our home buying process.

Apply Online

apply online with neighborhood loans for a mortgage pre-approval

After you’re cleared-to-close, we will schedule your closing and fund the loan on the day that is most convenient for you. After the final documents are signed, you will be given the keys to your new home! We look forward to helping you through our home buying process.

Pre-Approval

apply online with neighborhood loans for a mortgage pre-approval

The loan approval is the start of the home buying experience. Give us insight on your financial situation and determine exactly how much we are willing to lend. Don’t waste your time looking for a home before being pre-approved. Get pre-approved today!

Begin Home Search

apply online with neighborhood loans for a mortgage pre-approval

Once pre-approved, you’re ready to shop confidently for your home. This is the most exciting part of buying a home! What are you looking for? White picket fence? Wrap around porch? An oversized yard? There are plenty of options to choose from and you don’t need to do it alone!

Loan Submitted to Processing

apply online with neighborhood loans for a mortgage pre-approval

Once your loan is submitted to processing, they will work together with you and your loan officer to obtain all necessary documents to get you cleared to close. During this time, borrowers will be required to fulfill any conditions set by their lenders. Once completed, the loan can be passed onto the closing department.

Clear to Close

apply online with neighborhood loans for a mortgage pre-approval

After you’re cleared-to-close, we will schedule your closing and fund the loan on the day that is most convenient for you. After the final documents are signed, you will be given the keys to your new home! We look forward to helping you through our home buying process.

Our Mortgage Programs

  • Conventional Mortgage Loan

    A conventional loan is a type of mortgage loan that is not guaranteed by the government or a federal agency. This includes the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA). Lenders will usually offer conventional loans that are fixed with specific terms and rates.
  • FHA Mortgage Loan

    An FHA Loan is insured by the Federal Housing Administration and issued by a private mortgage lender. FHA loans are attractive to potential borrowers because they allow people to purchase homes with a small down payment and average credit score.
  • Jumbo Mortgage Loan

    A jumbo loan also referred to as a non-conforming mortgage, is a loan for homeowners that need a loan greater than the conforming loan limit in their area. In 2020, Fannie Mae and Freddie Mac implemented a conforming loan size limit of $548,250. However, loan limits can exceed this limit in higher-priced markets.
  • VA

    The U.S. Department of Veterans Affairs (VA) works through approved lenders like us to, “help Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.”

Pin It on Pinterest