About the Loan Process

Make no mistake, there's a lot involved in order to get a mortgage. You wouldn't be visiting our site if you could fill out a one-page loan app and receive the best loan check cut in one day. We do the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

Step One: Decide how much you can afford

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Use the calculators on our website to determine your monthly payment amount. 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: Pre-qualify for your loan

This is where the rubber meets the road and you save the most money. You will give us details about your employment, assets, and your residence history. You'll supply your employment, asset, and residence history information. We pull your credit score and report. We'll review this info then provide a pre-qualification letter. Your Realtor® will use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're picking out your new home, we're busy researching the loan program that's just right for you.

Step Three: Apply now! We make it easy

Once you have made the offer and the sellers have accepted, you should apply for the loan. Applying for a loan could not be much easier; you can apply any time right here on our site. After the offer has been accepted and you have applied for your loan, we will order the professional appraisal on the home.

Step Four: Your loan is funded

The agents will find an escrow/title company to handle the "funding" of the loan and closing. We'll work with this company to ensure the papers your lender will need are in order, and you will likely sign everything at their office. We will work with the title company to set your date to close. Since you will not have to worry with this coordination, you can concentrate on the move, paint colors, carpet, and the fun parts of moving into a new house.

After you have answered a few questions, provided detailed information, and applied, you'll be moving in before you know it! Metro Mortgage is a mortgage specialist; you're not — so we take care of the details. Doesn't that make sense?