The Loan Process 
Preparing to move into your new home, saving money, or making plans to pull money out of your home equity for home improvements or personal investments? You have made the right choice by coming to Direct Home Loans. There is a lot involved in getting a mortgage loan that is why our mortgage professionals are trained to take that heavy burden from you so that you can focus on gearing up for your financial move. The Steps Involved In Getting a Loan
Step one: Determine How Much You Can Borrow
There are a few questions you must ask yourself before you begin.
• How much of a monthly payment can you afford?
• Given your unique credit and employment history, income and debt, and goals, how much will a lender loan you?
Step two: Pre-Qualify for Your Loan
This is where we find the appropriate loan that’s right for you. First, we need to gather some information from you:
• Your Employment Information
• Your Residence History
• Your Permission to Run Your Credit Score
• Your Assets
When we review all this information we give you a Pre-Qualification Letter. This tells you that you are pre-qualified for your loan!
Step three: Apply For Your Loan
Once you've made an offer and it's been accepted, it's time to complete the loan application. The 1003 is what we will need to continue your loan application. When the time is right, we'll order an appraisal of your home.
Step four: Signing of Docs
We'll coordinate with the escrow company to make sure all the papers your lender will need are in order, and you'll sign everything at the escrow/title company's office.
