Sammamish Mortgage has an easy, 7 step process to getting your loan approved! You can start by comparing rates with our mortgage calculator. Once you have decided, you can complete our application, whether over the phone or through our website. A loan officer will contact you once we have reviewed it. We will then need your supporting documents, which you can upload to our data-encrypted inbox.
During step 4, we will review your documents to determine the approvable purchase price, down payments and which loan programs are available. Your loan officer will then issue you a pre-approval letter that indicates your income, assets, and credit have all been verified. We can then assure the seller that you can obtain a loan.
When the seller accepts your offer, get the Purchase and Sale contract to us as soon as possible. This will give you the option of locking in your rate and closing costs right then. When the underwriter has given final approval for the loan, we will draw up your loan documents and give them to the closing agent.
The final step is closing. The closing agent will gather all the documents to be reviewed and signed. The seller will then execute the deed to the property, at which point funds will be disbursed to the appropriate parties. The closing agent will record the appropriate instruments which will turn over ownership of the property to you.
Once you’ve signed everything and the funds are all disbursed, you receive the keys to your new home!
If you are ready to take the first steps toward home ownership visit us online or give us a call at 425-401-8787 and we will happily walk you through our 7 Step Home Buying Process. See here to learn more about the Home Buying Process, Proudly Serving the Pacific NW since 1992.