About the Loan Process

Searching for mortgage advice? We'd be thrilled to discuss our mortgage offerings! Give us a call at (337) 264-9990. Ready to get started? Apply Now.

There's quite a lot to do when you get a mortgage loan. You wouldn't be here on our site if it were possible to complete a one-page loan application and receive a great loan check cut in one day. We do 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 steps.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. And we can guide you to the right loan amount and best program for you when you answer a few questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This is where the process really begins and you save the most money. You will give us info on your current job, assets, and residence history. You'll give us your employment, asset, and residence history information. We pull your credit score and report. After we've finished reviewing the provided information, we'll provide you with a pre-qualification letter. Handle it with care — it is a great tool when you make your offer! Your real estate agent will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for a new home with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

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

Step four: your loan is funded

The real estate agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to make sure all the papers your lender will need are available, and you'll probably}likely sign everything at this company's officeWe do all the work to work with with the title company to set your date of closing. Since you don't need to worry with this coordination, you get to concentrate on moving logistics, paint colors, new carpet, and all the details of moving into your new home.

You've answered some few questions, provided lots of information, applied , and Before you know it, you're moving in! Universal Lending Services, Inc. is a mortgage specialist; you're not — so we do the work. Doesn't that make sense?

Have questions about the loan process? Call Universal Lending Services, Inc. at (337) 264-9990. We answer questions about the loan process every day.

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