Qualifying
Before you start shopping for your dream home, it is in your best interest to determine how much you can afford to borrow. We recommend that you examine your personal finances. You will need to account for exactly how much income you have coming into your household each month, as well as what your monthly expenses are. Once you have determined how much money you have available to comfortably make a mortgage payment each month, you can use our calculators to determine how much you can afford to borrow.

Choosing Your Loan Program
There are a number of factors to consider when determining which loan program will be best for your individual circumstances. You need to ask yourself how long you plan to stay in this home and the status of your current and future financial positions. It should comfort you to know that you are not alone. Our experienced Mortgage Counselors are trained to ask the right questions and help you select a loan product that is right for you.

Applying for Your Mortgage
Please take advantage of our Online Loan Application, a quick and easy way to start the loan process. You only need to answer a few questions about the home you intend to purchase, as well as some basic information regarding your income and assets. Once we receive your information we will introduce you to your Mortgage Counselor who will run your credit. You will be contacted to discuss the details of your loan.

Processing Your Loan
Your personal Mortgage Counselor will be providing you with a package of documentation containing information about the loan for which you have applied, along with a checklist of Required Documents for Mortgage Applications needed to complete your application. The loan package will also contain disclosure documents and your Good Faith Estimate of costs for your purchase. These forms will be explained to you in detail by your Mortgage Counselor. You will then need to sign the documents in the package and return our copies along with any additional information which may be required.

Mortgage Approval
Congratulations! Your loan has been approved. At this time your lender will issue a commitment letter stating terms of your mortgage and informing you of any additional documentation which may be required at or before your closing. Any conditions required prior to close will need to be forwarded to the lender for review. After your conditions have been cleared the next step is to close on your new home.

Closing
This is the most exciting part of your mortgaging process. It is also the most critical phase of the process, because of the substantial amounts of money that change hands and all the legal documents associated with the closing. The closing is usually held at the bank attorney's office, an approved settlement agency or a title company near you.

Welcome to the world of home ownership. We trust your journey has been made easy by your knowledgeable Safe Harbor Mortgage Counselor and our expert staff.

CLICK HERE - Fill out our easy online loan application!