The loan process

Our job at Vanguard Mortgage is to simplify the mortgage process for you.

Below are some of the steps in the loan process:

1. Prequalification

There are many things looked at during this process. Some of these items include: 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?  Vanguard also will help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we will give you a good idea of from which loan programs you can expect to benefit most.

You supply information to us about your employment, your assets, your residence history, and so on. Vanguard obtains your permission to run a credit report. When we review all this information we discuss with you the types of mortgage programs available to you and provide you with a Pre-Qualification Letter. Your real estate agent will use your Pre-Qualification letter to assist you in making the best offer on the home you choose.  And with it, the seller knows you are pre-qualified and it gives you buying clout.

2. The loan application

Once you have made an offer on a home and it's been accepted, it is time to complete the loan application. Call or send us a message, and we will get back to you within 1 business day.  Vanguard will originate your mortgage loan, helping you with all the paperwork.  Once completed,  we will secure an appraisal of your new home and order the title search.
 

3. The closing

Once your loan is approved, Vanguard will coordinate with the title company to make sure all the documents needed to fund your loan are received and in order.  We will establish a closing date and time in your area, obtain the funding of your loan, and notify all the parties to the transaction.