QUALITY IS OUR STANDARD FOR OVER 20 YEARS
(909) 758-1856
What to Expect
At Stigler Mortgage, we comprehend that securing a mortgage is a pivotal financial step, and we're committed to being your trusted partner throughout the process. This is why every single one of our mortgage professionals has undergone hours upon hours of training. We are committed to being the very best in the business so we can serve you better. Our team of mortgage experts possess a deep understanding of the financing dynamics and the skills needed to guide you through this crucial step. We will not let you down.
Step 1: Initial Consultation
Introduction:
The loan process typically begins with an initial consultation with a Stigler Mortgage loan officer or representative. During this meeting, clients will have the opportunity to discuss their financial goals, needs, and preferences.
What to Expect:
- A discussion about your homeownership goals and financial situation.
- Review of different loan options available based on your needs.
- Initial assessment of your eligibility and potential loan amounts.
Step 2: Pre-Qualification
Pre-qualification is an essential step in determining the loan amount a client may be eligible for. It provides a rough estimate of what they can afford based on their income, credit score, and other financial factors.
What to Expect:
- Submission of basic financial information and documentation.
- Evaluation of creditworthiness and income.
- Provision of a pre-qualification letter, which can be used to strengthen your offer when buying a home.
Step 3: Loan Application
Once clients are ready to proceed, they will formally apply for the mortgage loan. This involves providing detailed financial information and documents to initiate the underwriting process.
What to Expect:
- Completion of a formal loan application, either in person or online.
- Submission of supporting documents, including income verification, bank statements, and tax returns.
- Payment of application fees, if applicable.
Step 4: Loan Processing
Loan processing involves a thorough review of the client's application and documents to ensure accuracy and compliance with lender requirements.
What to Expect:
- Verification of the information provided on the application.
- Ordering of a credit report and appraisal of the property (for purchase loans).
- Coordination with third parties such as title companies and insurance providers
Step 5: Underwriting
Underwriting is the process of assessing the client's creditworthiness and determining whether the loan application meets the lender's guidelines.
What to Expect:
- In-depth evaluation of credit history, income, and other financial factors.
- Review of the property's appraisal and title report.
- Approval or conditional approval of the loan.
Step 6: Conditional Approval
Conditional approval means the loan is approved pending the satisfaction of specific conditions or requirements outlined by the underwriter.
What to Expect:
- Notification of conditional approval.
- A list of conditions to be met before final loan approval.
- Client cooperation to provide additional documentation if necessary.
Step 7: Final Approval
Once all conditions are met, the loan receives final approval from the lender.
What to Expect:
- Confirmation of final loan approval.
- Preparation for the closing process.
Step 8: Closing
The closing is the final step in the loan process, where all necessary documents are signed, and the funds are disbursed.
What to Expect:
- Scheduling of the closing date and location.
- Review of all loan documents with an attorney or escrow agent.
- Payment of closing costs and down payment (if applicable).
- Receipt of keys to the new home (for purchase loans).
Step 9: Post-Closing
After closing, clients can expect ongoing communication with Stigler Mortgage for any questions or assistance related to their loan.
What to Expect:
- Ongoing mortgage servicing and payment management.
- Access to customer support for any inquiries or concerns.
Stigler Mortgage aims to make the loan process as smooth as possible for clients, offering guidance and support at every stage. Clear communication and timely submission of required documents are essential to ensure a successful loan transaction.
About The Team
Welcome to Stigler Homes, your trusted partner in Southern California real estate. Our brokerage is built on a foundation of expertise, dedication, and a passion for helping clients achieve their real estate goals. Whether you're buying or selling a property in Los Angeles, Riverside, or Orange County, our team of experienced professionals is here to guide you through every step of the journey.
Meet Our Leader
At the helm of Stigler Homes is Kenny Stigler, a seasoned real estate expert with a deep understanding of the Southern California market. With two decades of experience, Kenny has successfully navigated countless real estate transactions and has built a reputation for excellence in the industry.
Careers Opportunities
Locations
Rancho Cucamonga
10390 Commerce Center Drive
Suite 270
Rancho Cucamonga, California 91730
Turlock, CA