An overview of the loan process
There are twelve steps involved in getting a loan. You'll see that we've made your part in them as easy as possible, and we do all the work! That's what we're here for. Click here to view interactive flowchart!
Step one: Loan Application
Loan Application completed and submitted to your Loan Agent.
Step two: Documentation
Loan Agent collects any necessary documentation for pre-approval.
Step three: Structure
Your Loan Agent meets with you and determines a loan structure based on your financial goals and needs.
Step four: Pre-Approval
Your Loan Agent issues your pre-approval and you begin looking at homes with a professional Realtor (R).
Step five: Closing Date
You find your home and your Realtor (R) presents an offer on your behalf. The offer is accepted and a closing date is set.
Step six: Appraisal
Your Loan Agent orders the appraisal, title and other necessary documents.
Step seven: Submit
Your Loan Agent submits your completed file to the underwriter for final loan approval.
Step eight: Final Approval
Your Loan Agent issues your final approval - Any remaining conditions are collected and satisfied.
Step nine: Documents Ordered
Loan documents are ordered and sent to the title company where they are prepared and await your signature.
Step ten: Closing
Closing loan docs are sent back to RPM Mortgage for final review and funding.
Step eleven: Funds
RPM Mortgage funds the loan and the title company records the new lien.
Step twelve: Congratulations
Congratulations and welcome to your new home!
