The Four Steps of the Loan Process:The Loan Mortgage Process: Four Steps

There's little question ; getting a mortgage is a complex process. You wouldn't be looking up loan information if it were possible to get a mortgage loan in a single day with a simple application. 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 milestones.

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? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: complete a pre-qualification

This is where the process really begins and Churchill Mortgage Company can really save you money. You will provide information about your current job, assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will get your credit report and score (with your permission, of course). After we have gone over this info we will provide a pre-qualification letter. Your real estate agent will use the pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're shopping for the home that's right for you, we're busy finding the loan program that's right for your situation.

Step three: apply now! We make it easy

Once you have made an offer and the sellers have accepted, it's time to apply for the loan. Applying for your loan could not get much easier; you can apply right here on our site. After the seller has accepted your offer and you have submitted your loan application, we will order the professional appraisal on the home.

Step four: funding

Your REALTOR® and the seller's will work together to find an escrow/title company to handle the funding of your loan once it has been approved. We'll coordinate with this company to ensure the papers your lender needs are avaiailable, and you'll probably}likely sign everything at their officeWe do all the work to work with with this company to set your date to close. Since you will not have to coordinate this process, you can concentrate on moving, if you're going to repaint, carpet, and the details involved in getting a new house.

You've answered some few questions, provided lots of information, applied , and before you know it, you are moving in! Churchill Mortgage Company is in the business of loans; you're not — so we take care of the details. Doesn't that make sense?

Have questions about the loan process? Call Churchill Mortgage Company at (703) 551-4107. We answer questions about the loan process every day.


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