Once you select First American
Mortgage to obtain your home loan, you'll be amazed
at how quickly and simply the loan process moves. Before you
know it, you'll have a mortgage that suits your lifestyle
and saves you money.
Throughout the loan-application process, we provide you with
regular updates. You can also e-mail us with questions or
new information. And if you want assistance, a mortgage expert
who can answer questions is just a phone call away.
Here's an overview of the loan-application process.
STEP ONE -- Determine how much
you can borrow
Click Here (or on the "Pre-Qualification"
link in the Home Buying Center) to find out how much home
you can buy, even before you begin looking. Once you've answered
a few simple questions, we'll calculate your buying power,
based on standard lender guidelines.
STEP TWO -- Pre-Qualify and save
To complete the pre-qualification step, click on the Get Pre-Qualification
letter button. You'll need to supply some brief information
about employment, assets, etc. We'll contact you for authorization
to obtain your credit report. Once we've reviewed this information,
we'll issue your Pre-Qualification Letter, which gives you
the clout of an "all-cash" buyer. As you begin looking
for a home, we'll begin looking for the best loan to meet
your specific needs. Your Real Estate Agent will use your
Pre-Qualification Letter to negotiate the best deal for you.
You'll also be asked to enter a "User ID", so throughout
the loan process you can re-access information you have already
provided. This saves you from having to input the same data
Important Note: Do not allow anyone to obtain free credit
reports for you. These reports will have to be obtained later
anyway, which may lower your "credit-risk score"!
This score is extremely important to your overall credit evaluation
in the underwriting process for your mortgage loan.
STEP THREE -- Apply Now! Getting
started is easy.
When you've selected a property and have a contract with the
Seller, the next step is to complete your loan application,
either call a First American Mortgage loan officer at 1-866-744-1776,
or apply online by clicking here.
At the appropriate time we'll order a property appraisal for
STEP FOUR -- Your Loan is Approved
Your Real Estate Agent or the Seller will designate an Escrow/Title
Company to handle the funding of your loan, along with many
other factors which make your purchase go smoothly.
We will coordinate with the escrow team and you'll sign the
final papers at their office.
Simple, Straightforward, Cost Effective, and FAST!