STEP ONE:  Get Pre-Approved
Getting pre-approved is the first step in purchasing a home.  We simply need to check your credit, make sure your scores qualify, and then use the information on your credit report to calculate how much home you can afford.  Once we know the amount that you are pre-approved for, we'll give you a pre-approval letter.

STEP TWO: Find Dream Home
Start searching for your dream home within the price range determined by your pre-approval letter.  Contact your loan officer if you have questions about potential issues with any home you are considering.

STEP THREE: Appraisal
An appraisal is required for your loan.  An unbiased third party will visit your potential home and will check for any major issues and will review any safety hazards.  The appraiser will also compare your potential home with other similar homes in the area to determine the value of your home.  Whatever amount the appraiser states your home is worth will be the maximum loan amount allowed.

STEP FOUR: Underwriting
An underwriter will analyze the documentation you've provided in your loan application and verify that the loan program you've applied for is the correct one for your needs.  They will typically request additional documentation based on the information you initially provided in order to finalize the approval process of your loan.

STEP FIVE: Close on Property
Once everything is approved by the underwriter and the related government institution (if applicable), you will be sent the final documentation from your loan officer to start the process of closing on the property.  When your closing date arrives, you will sign your documentation with the local escrow company/attorney and then you will officially be a home owner!


Have additional questions about the loan process?  Contact Primary Residential Mortgage, Inc. by completing the form below.

Get a New Loan Quote

Looking for a new home loan? Fill out the following form to get a fast quote from us.

Contact Info
Property Information
Mortgage Information