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Your Texas Mortgage Rates

Lending Source

10721 Jackson Lane, Frisco TX 75035

Phone: (214) 387-0683       Fax: (214) 387-0185       Email Us

    Looking to buy or sell a home?  

 

FHA LOAN QUALIFICATION

 

Our FHA Loan Qualification Process

Below are the common steps in the FHA loan qualification process. However, the FHA loan qualification process may vary according to the financial service provider whom you approach. The following items are necessary before applying for a federal housing loan program:

  • List of previous residences - 2 Years

  • Bank accounts

  • Any Outstanding debt

  • Salaries and other pertinent information - 2 Years

  • A dedicated loan officer will assist in through the entire loan application process

  • After the information is received, a processor receives the submission and asks for any outstanding items

  • The loan is submitted to our electronic underwriting system where a trained underwriter reviews the data and makes the decision to help approve your loan

  • When the housing loan is approved, the closer gathers everything needed for the next step, that is, submitting a closing package to an escrow or title company

  • A closing date will then be scheduled for your loans closing date

  • Once the federal administration loan documents are signed, the loan closes and the funds go to the seller

  • You can apply online or by phone or in person

Let us help to simplify the entire FHA loan qualification process for you. Spend a few seconds and fill out our simple online form and our mortgage experts will do all your legwork for you.

 

 


 
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OPEN MORTGAGE
10721 Jackson Lane, Frisco TX 75035

PHONE:
214-387-0683EMAIL: info@brown-lending.com


 

"Your reliable Dallas Mortgage Broker and specialist on Texas Mortgage Rates and Home Mortgage Loans."

 

 

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