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Purchase

Regardless of the whether you’re obtaining a Pre-Approval or already purchased a property, all applications are completed through our secure loan origination system called Arive. This easy-to-use platform allows you to create an account, provide details about the proposed loan and upload documentation. 

 

The great part about using a Mortgage Broker is that you don’t need to apply for one specific mortgage program or know the exact details of the loan. Based on our consultation and the information provided in the application, we’ll determine the best route to accomplish your goals.

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The 2 categories below are based on the various stages of the home buying process. More information about the full application process, can be found on our APPLY Page. 

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PRE-QUALIFICATION

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If you're still in the early stages of the home buying process or aren't sure how much you can afford, a Pre-Qualification is a great first step. Our Pre-Qualification process will help you determine the financial impact of the mortgage without the document gathering required for an official Pre-Approval. Below are the steps we’ll take to create a customized strategy unique to you. 

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  1. Run a Soft credit inquiry to obtain your FICO Tri-Merge credit score. This will help us estimate your qualifying credit score and identify any potential credit issues to address before the Pre-Approval.

  2. Review your Income, Assets and Liabilities to ensure you meet the baseline requirements for obtaining the mortgage. 

  3. Use our Debt to Income and Amortization tools to run different loan scenarios. We’ll review the implications of each to determine the best route in terms of loan type, loan term and down payment. 

  4. Estimate the closing costs and how various purchases prices will impact the total cash to close. 

  5. Discuss the various loan types and which option will best meet your goals.

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PRE-APPROVAL

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Regardless of whether you've purchased the home yet or are still searching, our Pre-Approval process ensures you're obtaining the lowest rate possible, understand your options and feel fully confident at the signing table. Below are the steps we’ll perform during the Pre-Approval process to create a customized strategy unique to you. 

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  1. Run a Hard credit inquiry to obtain your FICO Tri-Merge credit score. This will help us determine your qualifying credit score and identify all of your liabilities taken into account for mortgage qualification purposes. 

  2. Document your Income, Assets and Liabilities to confirm they meet various Underwriting guidelines.

  3. Shop for the lowest interest rates/APR from numerous different Wholesale Mortgage Lenders.

  4. Run your loan through an Automated Underwriting System (AUS) to confirm conditional approval. 

  5. Use our Debt to Income and Amortization tools to run different loan scenarios. We’ll review the implications of each to determine the best route in terms of loan type, loan term and down payment. 

  6. Estimate the closing costs and how they impact the cash to close. 

  7. Provide you and your Realtor with a Pre-Approval Letter listing the maximum purchase price you qualify for.

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