While lenders adhere to government standards, loan approval guidelines vary based on specific loan terms. Generally, approval is determined by your ability and willingness to repay and the value of the property.

Once we receive your application, the approval process begins immediately. Your loan processor will verify your provided information, including:

1. Income/Employment: Your income will be assessed to ensure it can cover monthly payments according to industry guidelines.

2. Credit: We review your credit report to evaluate your debt repayment history. Any lapses or delays will need an explanation.

3. Assets: We confirm that you have sufficient funds for the down payment and closing costs.

4. Property Appraisal: The property’s market value is appraised, considering factors like location and zoning.

5. Additional Documentation: Occasionally, more documents are required before finalizing your loan approval.

To improve your chances of approval:​

• Complete your application fully and use our online forms to speed up the process.

• Respond promptly to requests for additional documentation, especially if your rate is locked or you have a set closing date.

• Avoid moving funds without a clear paper trail. If receiving money from family, please prepare a gift letter and contact us.

• Delay major purchases until your loan is closed, as they may increase your debt and affect your application.

• Be available around your loan's closing date, or consider signing a Power of Attorney if you'll be out of town.