Loan Process

​First part is to get pre-approved from a member at TeamUFG. There are many ways you can do that; click the “APPLY NOW” button or give any of us a call, text or email. Either option will only take you a few minutes to complete. We will give you quick feedback on three major areas: CREDIT, INCOME (debt ratio) and program qualifications. Once that is completed and you are ready to move forward you will be asked to provide the below list of items:

• ​​Copies of 2 most recent pay stubs.
• Provide copies of W2s (& or 1099’s) & tax returns for the previous 2 years.
• Provide 2 most recent bank statements (all pages).
• Provide copy of driver’s license.
• If purchase provide purchase agreement & seller disclosures.

​A few other items could be required depending on application;

• Provide a settlement agreement and divorce decree.
• Non-U.S. citizens must present their Green Card or H-1 or L-1 visa.
• If you’ve filed for bankruptcy within the last few years, present a schedule of creditors, discharge notice, and filing.​

Once the above items are obtained you will sign the preliminary application papers. At this time we take over & order the title, appraisal and submit your file to underwriting. At this point you will need to secure home owners insurance. Once the appraisal comes back we will email you a copy for your records. Once your file comes out of underwriting we will let you know if anything is left. Once we get the underwriters exactly what they are asking for your mortgage application will be approved. That’s called our “CTC” CLEAR TO CLOSE. We love those words. That’s when we prepare your United Financial Group closing documents and schedule your closing!​