01. Apply

Complete our online application or call 1-800-810-PLUS (7587).

02. Review

If you apply online, a loan officer will contact you within 24 hours to review your application. Or you can call us at 800-810-PLUS (7587) for immediate service.

03. Organize Your Documents

Depending on your loan option, we may need some of the following documents to complete your loan application:

1. If you are salaried: provide past two years W-2 forms and recent month of paystubs. If you are self-employed, provide past 2years tax returns and a YTD profit and loss statement.

2. Copy of your homeowner's insurance declaration page or name, address and phone number of insurance agent.

3. Most recent mortgage coupon or mortgage statement for all mortgage loans on the subject property.

If you are applying for a home equity loan or second mortgage:

the above information, plus:

4. Please provide a copy of the promissory note on your first mortgage. This will normally be found in your closing loan documents, from when you obtained your current first mortgage.

If you are applying for a home purchase pre-approval:

The above information plus:

5. Document source of funds for closing. Past 3 months bank statements on all bank accounts including 401K.

6. If you currently rent, past two years residence history with name, address and phone number of previous landlords.

04. Obtain Loan Approval

Once your loan application has been received we will start the loan approval process immediately. Depending on your loan option, this involves verifying your:
• Credit history
• Employment history, and income (if applicable)
• Assets including your bank accounts, stocks, mutual fund and retirement accounts
• Property value
• Mortgage payment or rental history

To improve your chances of obtaining a loan approval and having a smooth loan process:

• Fill out the loan application completely.
• Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you are purchasing a home.
• Do not make any major purchases. Do not buy a car, furniture or open any new credit accounts, including credit cards until your loan is closed. Anything that causes your debts to increase may have an adverse affect on your current loan application.
• Do not move money into your bank accounts unless it can be traced. If you are receiving money as a gift from friends or relatives, please contact us on the proper way to document these funds.
• Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf. The loan documents may be overnighted to you at another location for signing, be sure to inform your loan officer or loan processor.

05. Funding the Loan

After your loan is approved, you will be required to sign the final loan documents. We will overnight the loan documents to you. You will be required to sign some of the documents in front of a notary public. Be prepared to:

HOME PURCHASE ONLY:
Bring cashiers check for your down payment and closing costs to the Escrow Company or Attorney at closing. Personal checks are normally not accepted. The cashiers check is usually made out to the Escrow Company or Attorney processing the transaction.

HOME PURCHASE AND ALL OTHER LOANS:
Bring a driver’s license to show the notary public for identification verification.
• Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.
• Sign the loan documents. Your loan will normally close shortly after you have signed the loan documents for a purchase transaction. with a refinance, home equity loan or second mortgage transaction federal law requires that you have 3 days after signing to review the documents before your loan transaction can close.