The Details
Day 1
Sign Loan Application
Day 1
Provide Income: 30 Day Paystubs, Previous 2 years W2's, Unexpired Picture Identification, Homeowner's Insurance Information, Previous month's mortgage statement.
Day 1
If Self-Employed: Previous 2 years Tax Returns both personal and business, Profit & Loss Statement for current Year To Date, 60 Day Bank Statements.
Day 1
Order Appraisal (if applicable).
Day 1-5
Loan Goes into Underwriting.
Day 5
Loan is Conditionally Approved pending conditions
Day 5
Additional Documents for pending conditions are provided.
Day 6-12
Closing Disclosure is signed.
Day 6-12
Closing Scheduled.
Day 12
Sign closing documents with Title Company.
Day 15
Funding Occurs.