Denver Colorado Mortgage Application - Apply for a Home Loan
Please click on a button below to choose your
Secure Loan application option:
Quick App 3-5 minutes
"Just the basic information about you allowing one of our loan professionals contact you to set up a time to complete a quick interview to gather the information needed to properly assess your financial situation and present the best options for your upcoming loan."
5 Step Application
10-15 minutes is all it takes "this application will provide the most complete data about your current financial situation and enable our loan professional to accurately access and prepare the best loan scenario for you."
Standard App
5 to 10 minutes - "a little less information is provided to our loan professional but it will be enough to get the ball rolling. If the loan professional needs more information in order to give you a complete assessment of your loan ability, he or she will call you to set up a time to gather the additional information."
Reverse App
Allow your Home Equity Work for You "this application will enable one of our loan professionals to properly guide you through the steps for a Reverse Mortgage from one of our many lenders."
Contact Us
less than 1 minute to complete - " this option is for those who prefer to speak with a loan profession either over the phone or in person. We will contact you within 24 hours (or less) of you submission."
1. Verifying Your Application
Within 3 business days, you will be sent complete documentation relating to your loan. This package will include a Good Faith Estimate, a Truth-in-lending Disclosure statement, and a list of documentation we will need in order to facilitate the processing of your loan.
2. Processing Your Loan
Once you and your loan officer have decided on a loan program that best suits your needs, a home appraisal will be scheduled. The appraiser's review will be sent to your loan officer who will then submit your loan application, appraisal and list of documentation to the processing department. A loan request file will be created and organized for an initial review based on income and credit worthiness. Once your loan is fully processed, it will be sent to the underwriting department.
3. Underwriting Your Loan
The underwriting process is the time when you will receive your loan approval. Your loan request will be reviewed in comparison to factors such as credit, income, debt to loan request will be reviewed in comparison to factors such as credit, income, debt to income ratios, savings accounts and property appraisal. This process usually takes between 2 to 3 business days. If any matters arise during the underwriting process, your Loan Officer will contact you with instructions on how to satisfy underwriting conditions. Typically, a loan is approved quickly. Sometimes, additional documentation is needed or the loan program needs to be slightly adjusted. in either case, your Loan Officer will help you through every step of the loan process.
4. Closing Your Loan
After your loan request has been approved, MAC5 Mortgage will prepare the closing document package that will be supplied to the Title Company. The closing of your loan typically occurs within 3-5 days of your loan approval.
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