About the Loan Process

There's no doubt ; getting a mortgage loan is a complicated process. You wouldn't be here on our website if you could complete a one-page loan app and receive an excellent loan check cut in one day. But U.S.A. Lending, Inc. does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major steps.

Step one: Decide on your maximum loan amount

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? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: complete a pre-qualification

This is where the process really begins and U.S.A. Lending, Inc. can really save you money. You will supply information on your employment, your assets, and your residence history. You'll provide information on your employment, asset, and residence history. We will pull get your credit report and score (only after you give your permission. We will go over all this info then give you a pre-qualification letter. Handle it with care — it is a great tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're deciding on your new home, we are researching the loan that best fits your needs.

Step three: apply now! We make it easy

After you've signed an offer and the sellers accept it, you should apply for the loan. Applying for your loan couldn't be much easier; you can apply from the comfort of your home right here on our site. At the end of this step, we will order an appraisal of your new home.

Step four: funding

The real estate agents will find an escrow/title company to handle the "funding" and closing of the sale. We'll coordinate with this company to ensure the papers your lender will require are avaiailable, and you'll probably}likely sign everything at this company's officeWe coordinate with this company on your closing date. Because you don't have to coordinate this process, you can think about moving, painting, new carpet, and the details involved in getting your new house.

You've answered a few questions, provided lots of information, applied , and before you know it, you are moving in! U.S.A. Lending, Inc. is in the business of loans; you're not — so take care of the details. Makes sense, doesn't it??

Have questions about the loan process? Call U.S.A. Lending, Inc. at 305-967-7200. It's our job to answer lending questions, so we're happy to help!