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We want to make the home-buying or selling process as easy as it can be. With Eustis Mortgage, you can relax while we handle the details.
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Pre-Purchase - You can prepare to get a loan before you even select a home. A Eustis home mortgage specialist can perform a pre-qualification or pre-approval so that you'll have a good idea of how much you can afford. Once you've found a home and a seller has accepted your offer, you are ready to move to the Application process.
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Application - Once you've selected a home, with your help, we will fill out a mortgage application, gather information about the property you want to buy and collect personal information, such as income, debts, assets and employment history. For a complete list of information that you will need to provide, see the Application Checklist.
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Processing - After your application is complete, a loan processor reviews your file and verifies your personal information. A credit report is run to determine your credit history and an appraisal of the property is ordered.
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Underwriting - The underwriter reviews your file and determines whether the loan will be granted. Eustis Mortgage uses computerized Automated Underwriting systems (AUS), which, for most loans, makes this process quick and easy. However, Eustis Mortgage also makes many loans that are not and can not be approved by an AUS. Some lenders are not flexible and only make loans that are accepted or approved by the AUS.
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Closing - Once the loan is approved, Title Insurance is ordered, and any approval contingencies are met, you'll be ready to go to the closing. At the closing, you'll sign papers, pay closing costs, and finalize the transaction. Now it's time to move into your new home!
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