(248) 983-0111

LOAN PROCESS

Step-By-Step Process

We are dedicated to making your home purchase or refinance a smooth process.

1. Loan Application and Priority Qualification
  • Review of income, credit, and overall scenario
  • Goal planning and determining the best product for you
2. Purchase Contract
  • Agreement of purchase price and terms
  • Loan Estimate (LE) issued same day and acknowledged electronically
  • Bank of England Exclusive Portal for Realtors and Title
3. Loan Processing
  • Gather any remaining documents and information
  • Appraisal and title work are ordered
4. Underwriting and Conditional Loan Approval
  • Any remaining required documentation gathered and submitted to underwriting
5. Clear to Close and Closing Processing
  • Clear to close issued
  • Closing scheduled and documents prepared
  • Closing Disclosure (CD) issued 4 days prior to closing and acknowledged electronically
6. Closing
  • Bring ID and funds to close
  • Sign closing documents

How to Apply

Requirements for Priority Qualifications
  • Proof of Income.
    • Paystub or retirement income statement
    • Most recent 2 years tax returns
    • Most recent 2 years W2s, 1099s, and/or Kls
  • If applicable: divorce decree, child support order, short sale documentation
  • Driver’s License(s)
  • Social Security Card(s)
  • 30 days of check stubs
  • Other items may apply per individual scenarios
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Our Loan Process is Easy!

We are ready to walk with you through our step-by-step process to get you the loan you need.

Meet With a Lender

Our experts will be happy to guide you through the loan process.

Process Takes 3 Business Days

Wait for your loan estimate. Saturdays may be included depending on your lender.

Receive Your Loan Estimate

We will send you a loan estimate that works best for you and your situation. 

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Need to Revise Your Estimate?

We are ready to work with you to revise your loan.
Discuss Permitted Changes

Permitted changes include rate lock and new information.

Wait Another 3 Business Days

Estimate revisions also need 3 more business days to process.

Get Your Revised Loan Estimate

Make sure to close within 4 business days to finalize.

Closing Disclosure

We are ready to walk with you through our step-by-step process to get you the loan you need.

Lender Will Send Your Closing Disclosure

Receive Your Disclosure in 3 Business Days

Commence Consummation

Consummation Revision

Further changes require a new Closing Disclosure and 3 business days for the following scenarios:
APR changes beyond allowable limits
Loan Product changes
Prepayment penalty is added.
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CONTACT US TODAY

Providing you with unmatched expertise on all of your home needs including purchase, refinance, and reverse mortgage information.

Phone

(248) 983-0111

Fax

888-951-1777

Address

32000 Northwestern Hwy #165
Farmington Hills, Michigan 48334

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