Loan Process

Steps to Getting Your Home Loan

Step 1: The Meet Up!

We do a quick meeting... over the phone, or in person to learn more about your goals, wants needs and answer questions.

Step 2: Pre-Qualification*

Getting pre-qualified simplifies the home-buying process from the start.

Step 3: Processing

After you have completed a loan application, your loan file is submitted to the loan processor.

Step 4: Underwriting

The underwriter reviews your loan file to ensure all guidelines are met for the specific loan program and issues a loan decision.

Step 5: Pre-Closing

You will receive a loan commitment letter that contains details of your loan.

Step 6: Closing

Signing of all the final documents!

*Pre-qualification is based on a preliminary review of credit information provided to Fairway Independent Mortgage Corporation, which has not been reviewed by underwriting. If you have submitted verifying documentation, you have done so voluntarily. Final loan approval is subject to a full underwriting review of support documentation including, but not limited to, applicants’ creditworthiness, assets, income information, and a satisfactory appraisal.