MORTGAGE PROCESS

We have broken the Loan Process into 4 easy to understand steps.

Pre-approval: Apply Online, in person, or by phone. We will Pre Approve you within 15 minutes. If needed, we will present you with a letter of pre-approval that you can give to your real estate agent or to the sellers.

Loan Processing: A Title Commitment / Appraisal & Survey may be required. Once we have received the necessary documentation (paystubs, bank statements, rental history, etc....) from you, we will check to ensure everything is in order for expedient final loan approval. We have many reduced documentation loans.

Final Approval: The loan is then reviewed by an Underwriter for final Approval and closing instructions are sent to the title company.

Close/Funding: The Title company will come to your home or office to sign the documents at your convenience. (You may also request that we use the title company of your choice.) After closing, it takes 1-4 hours to fund purchases and refinances fund 3 business days after the close. (Tennessee law gives the borrower three days to withdraw the loan after the closing papers are signed.)

Generally Required Documentation
Refinances require less / Better credit requires less

Bank Statements Last three (3) months of consecutive statements (when cash reserves are required)	Sales Contract Sales contract on purchase.
	Pay Check Stubs (last full month)
IRA, 401K, Stocks, Bonds, Etc. Most recent statements showing balances for the last three (3) months or two (2) quarters (when cash reserves are required)	Insurance Agent Name, company, and telephone number
	Appraisal Application Fee $325(most homes)
	W-2's and/or 1099's (last two years)

Supplemental Information
[needed when applicable]

Complete Tax Returns (last two years)	Cancelled Rent Checks (last 12 months)
Final Judgement Divorce and/or child support, fully executed.	Landlord Name and phone number(s).
Final Bankruptcy Discharge List and copies of all included debt.	Leases Current copies on each property.