The Loan Process: an Overview

Make no mistake, there's a lot to do when you get a mortgage. You wouldn't be here on our site if you could complete a simple loan app and get a great loan funded the same day. But Augusta Mortgage Solutions does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major milestones.

Step one: determine how much you can borrow

A couple of factors determine this amount. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. 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 the process really begins and Augusta Mortgage Solutions can really save you money. You will supply info on your current job, your assets, and residence history. You'll supply information on your employment, asset, and residence history. We will get your credit report and score (with your permission. We'll go over this info then will provide a letter of pre-qualification. With this letter, your REALTOR® will negotiate the best deal for your new home. While you're looking for a new house with your agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have made an offer and the sellers have accepted, you should apply for the loan. It's very easy, and you can do it online, right here on our website. After the offer has been accepted and you have applied for your loan, we will order the professional appraisal on the home.

Step four: funding

The agents will find a title company to handle the "funding" and closing of the sale. We'll coordinate with this company to make sure all the papers your lender requires are avaiailable, and you'll probably}likely sign everything at their officeWe do all the work to work with with this company on your date to close. Because you don't need to worry about these details, you can think about the move, paint colors, carpet, and the fun parts of moving into a new house.

You've answered a few questions, provided detailed information, applied online, and before you know it, you are moving in! We do the legwork so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call Augusta Mortgage Solutions at 7068605514. We answer questions about the loan process every day.