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	Process
	An Overview of the Loan Process: Follow these easy steps and you'll see how simple it is to obtain a commitment for mortgage money to purchase that new home or refinance your existing home.    • Items needed to apply We will verify your employment/income, debts and savings.    • Employment      Two recent years of W2s; One recent full months paystub (two years' tax returns if paid bonus commission or self-employment).    • Debts      List the name, address, account number, balance and payment of any auto, student, personal or home loans that you have. Provide account number,      balance and minimum payment for credit cards.    • Savings      Provide three months' statements for checking, savings, retirement (all pages) (three full months or one quarterly statement).    • Property      Copy of sales agreement for purchase; deed, survey and title insurance policy for refinance.    • Closing Costs      Closing costs will vary depending on the type and amount of your individual mortgage and the purchase price or refinance value of your home. A check       for the cost of the appraisal and credit report will be required at the time of application.    • Purchase      Normally these transactions require between 5-7% of the purchase price in addition to the down payment. The 5-7% will include everything from hard      costs to the prepaid taxes and insurance escrows.    • Refinance Closing costs are based on the loan amount and can be included in the new mortgage. The Process: Once you've gathered the above information, your signatures will be needed and the application will be in process.      - From the application to approval, it takes about 2 minutes to 24 hours for a mortgage commitment.      - The process includes verification of all items provided; a credit report and appraisal.      - Once approved, the Title Company (Escrow Company) can arrange the scheduling of the closing, of your real estate loan.