As a new home buyer, there are many options when it comes to financing your home. Between the types of loans available, and negotiating your rates and payment options, finding the most suitable home purchase loan takes some work. You need a team of experienced professionals who have your best interests — and not a commission — in mind.
At GreenStreet Mortgage, our goal is the find the right loan for you. For some, this might mean a fast close time, others might need a low down payment option and some may need some interest rate flexibility. Whatever your situation may be, we have countless loan options to adapt to your needs.
Let us help you navigate the unpredictable housing market and provide you with the safety, security and peace of mind that comes with a mortgage that fits your unique needs.
Get Pre-Approved
Our ‘People First. Always.’ Approach
Since your situation is unique, your loan should be unique as well.
That’s what makes GreenStreet Mortgage so different. Instead of forcing you into 1 or 2 cookie-cutter options, we create a customized solution that fits your needs.
This allows us to identify the right loan- rate, terms, close time, and more- for you.
The Loan Process
The mortgage loan process doesn’t have to be difficult.
Once you have made the decision to pursue applying for a mortgage loan with GreenStreet Mortgage, your Mortgage Loan Originator will work with you to obtain the necessary documentation required for a loan decision to be made.
A pre-purchase home inspection, performed by a professional, is a visual examination of the readily-accessible areas of a home to provide an accurate evaluation of the home’s condition at the inspection. This evaluation is presented to you, the buyer, in a comprehensive report so you are fully informed of the home’s condition during the mortgage loan process and prior to purchase. While a home inspection is not required, it is highly recommended. Your real estate agent will work with you to coordinate a home inspection.
Below is a basic overview of the mortgage loan process so that you will have a better understanding of what you can expect. There are three main steps to obtaining a home loan:
1 – Submit Mortgage Application
The first step is to submit your mortgage application. This involves providing financial information such as proof of income, tax statements, as well as other relevant documents like appraisals and title reports. (We strongly recommend getting pre-approved to help streamline your loan approval process.)
2 – Underwriting
The lender will review your mortgage application and supporting documents to determine whether to approve your loan. This process is known as underwriting. The underwriter may come back and ask for additional documentation before issuing a final approval.
*In 16 years, we’ve never had a pre-approved borrower have their loan denied by an underwriter.
3 – Closing
When your loan is approved, the final step is to close on your mortgage and purchase the property. This involves signing a mortgage agreement and paying closing costs, such as mortgage insurance, origination fees, and property taxes.