How the Loan Process Works

	Shopping for a mortgage? We can assist you! Call us at 949-367-1317. Ready to get started? Apply Here.

Make no mistake, there's a lot to do when you get a mortgage. You wouldn't be researching mortgage loans if you could get a mortgage loan in a single day with a simple application. But South Coast Funding does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four main steps involved in obtaining a loan.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment amount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This is where the process really begins and South Coast Funding can really save you money. You will give us details about your employment, assets, and residence history. You'll give us information on your employment, asset, and residence history. We will get your credit report and score (with your permission, of course). After we've finished reviewing this information, we'll provide you with a pre-qualification letter. Your real estate agent should use the pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for a new house with your REALTOR™, we find the best program for you.

Step three: apply for your loan

Once you have made an offer and it's been accepted, it's time to complete the loan application. It couldn't be easier, and you can do it online, right here on our website. Finally, we'll order the appraisal of your new home.

Step four: funding

Your real estate agent and the seller's will coordinate to decide on a title company to take care of the funding of your loan. We'll coordinate with this company to make sure the papers your lender requires are available, and you'll probably}likely sign everything at this company's officeWe work with with this company to set your date to close. Because you will not have to worry about these details, you can concentrate on the move, if you're going to repaint, new carpet, and the fun parts of getting a new house.

You've answered some few questions, provided detailed information, applied , and before you know it, you are deciding when to move in! South Coast Funding is a mortgage specialist; you're not — so we take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call South Coast Funding at 949-367-1317. South Coast Funding answers loan process questions every day.