The Loan Process


is as easy as 1 – 2 – 3

1. Apply

Complete the quick online application. This is a question-and-answer form and your information is secure. Once complete, your credit will be pulled to determine your FICO score. You can find out your FICO scores at any time by clicking on the link below and following the steps.

2. Submit Documents

Your Licensed Mortgage Loan Advisor will send you an easy-to-use checklist to provide any documents needed to verify and finalize your pre-approval process. You can utilize our AcopiaGO app or our other secure portals to upload documents in a safe and secure environment.

3. Relax

A protected, personal loan center and team of mortgage professionals will be assigned to your account to ensure that throughout the loan process, you are in the know every step of the way.


Use our easy-to-use tools to calculate different loan scenarios, monthly payments and more! 



You probably have some questions. 

Happy African American couple looking on iPad on their couch.

Should I rent or own?

There are many advantages to owning your own home. You can enjoy tax benefits while building equity in your future. Run the numbers on our Rent vs. Own calculator to get a general idea if now could be the right time to take that first step toward homeownership. Your loan advisor can also run a cost-benefit analysis to help you determine if buying a house makes more sense than continuing to rent.

Woman working on calculator and laptop.

How much house can I afford?

How much house you can afford is closely linked with what payment you’re comfortable making each month. A quick conversation with your loan advisor about your income, assets and down payment is all it takes to get prequalified. Then, you’ll know what price range to shop for and, when you find the home you love, being prequalified will show the seller you’re serious.

Realtor shaking hands with happy couple in new home.

Do I need a real estate agent?

You don't need an agent to buy a home – but you may want one. A seasoned real estate pro can help find homes in your price range, share insights when touring them, and may have access to more properties than what you’ll see online. It helps to have someone in your corner when scheduling home inspections, negotiating and making offers, too. Ask your loan advisor for a referral to a good local agent.

Graphic showing step 1, 2 and 3 to purchasing a home

What are the steps of buying a home?

Buying a house may seem daunting, but knowing what to expect can help. First, determine how much house you can afford by getting prequalified. Next, call a good agent to help find your dream home. Then, set up an inspection/appraisal to verify its value. From there, you'll negotiate an offer, go under contract, lock in your rate, submit your documentation, and once approved, close on your new home.

Young happy couple on floor of new home looking at phone.

How do I qualify for a loan?

Getting approved for the mortgage you want is all about staying within certain ratios lenders use to determine how much you can afford for a mortgage payment. Once your loan process gets started, be prepared to provide proof of the following: where you work, your income, assets, any debt you have, and how much you plan to put down on your home.

Small house model sitting on top of coins on table.

How much should I save for a down payment?

There are many loan products available. The amount you’ll be required to put down on a home depends on the type of loan you and your loan advisor decide is best for you. Many home buyers, especially first time buyers, put as little down as 3.5%, depending on the program. However, a down payment of at least 20% allows you to avoid private mortgage insurance (PMI), which adds to your monthly payment.

Small wooden home with three question marks above it.

What is the difference between a fixed and adjustable rate?

On fixed rates, the interest rate is set when you take out the loan and stays locked during the life of the loan. With an adjustable rate mortgage, the interest rate may start out lower, but can then reset over time. Adjustable-rate mortgages most often appeal to first-time homebuyers because lower rates boost buying power. Talk to your loan advisor to determine what option may be best for you.

Small house sitting on notebook with cut out question marks.

What is PMI?

Private mortgage insurance, or PMI, is a type of mortgage insurance for conventional and government-backed loans, such as FHA and USDA loans. It is arranged with a private company and typically required when homebuyers put down less than 20 percent of the home’s purchase price. It can increase the cost of your loan and is generally included in your total monthly payment.

Young couple reviewing paperwork with realtor in home.

What are mortgage points?

Mortgage points, or discount points, are fees paid at closing in exchange for a reduced interest rate. This is also called “buying down the rate,” which can lower your monthly mortgage payment. One point costs 1% of your mortgage amount. Essentially, you can pay some interest up front in exchange for a lower interest rate over the life of your loan.

Man holding model of small home while reviewing paperwork.

What are closing costs?

Closing costs are fees and expenses you pay when you close on your home, beyond the down payment. They can run 3-5% of the loan amount and include items like title insurance, attorney fees, pre-paid interest, documentation fees, and taxes, depending on your type of mortgage, property location, and other factors. You will receive a good faith estimate of all costs in advance of your closing date.

Ready to get started? cONTACT YOUR LOAN OFFICER OR Submit your online application today.