About the Mortgage Loan Process

Shopping for a mortgage loan? We'll be glad to talk about our mortgage offerings! Call us at (770) 604-6021. Want to get started? Apply Now.

There can be no question that getting a mortgage is a complicated process. You wouldn't be looking up loan information if you could get a mortgage loan in one day with a simple application. We do most of 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 loan involves four major milestones.

Step one: determine how much you can borrow

This is a function of a couple things. 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. We'll also help you through different scenarios by asking a few simple 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 Element Funding will begin saving you money. You will supply details about your employment, assets, and your residence history. You'll give us your employment, asset, and residence history information. We run your credit score and report. After we've reviewed this information, we'll provide a pre-qualification letter. Handle it with care — it can be a great tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. While you're shopping for your new house with your agent, we find the best program for you.

Step three: apply now! We make it easy

Once you've made an offer and the sellers have accepted, it's time to apply for the loan. It couldn't be easier, and you can do it online, right here on our website. Finally, we'll order the appraisal of your new home.

Step four: your loan is funded

Your real estate agent and the seller's will coordinate to decide on an escrow/title company to handle the funding of your loan. We'll coordinate with this company to ensure the papers your lender requires are available, and you will probably}likely sign all these papers at their officeWe do all the work to coordinate with the title company to set your date of closing. Since you won't have to coordinate this process, you can think about the move, painting, new carpet, and the details involved in moving into your new home.

You've answered some few questions, given us lots of information, applied online, and before you know it, you're deciding when to move in! We take care of the loan details so you can focus on finding your new home.

Have questions about the loan process? Call Element Funding at (770) 604-6021. We answer questions about the loan process every day.