How the Mortgage Loan Process Works

	Looking for a mortgage loan? We can help! Call us at 760-415-2345. Ready to get started? Apply Here.

No doubt, a lot to do when you get a mortgage loan. You wouldn't be here on our site if you could complete a simple application and receive a great loan funded the same day. But San Diego Financial does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a loan involves four major milestones.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: pre-qualify for your loan

This is where San Diego Financial will begin saving you money. You will supply info about your current job, assets, and your residence history. You'll give us information on your employment, asset, and residence history. We get your permission to pull your credit score and report. When we review all this information we will give you a letter of pre-qualification. Be careful with this letter — it can be a great tool when you make your offer! With this letter, your REALTOR® will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're looking for a new house with your real estate agent, we find the best program for you.

Step three: apply now! We make it easy

After you've made an offer and the sellers have accepted, you should apply for the loan. It couldn't be easier, and you can apply online, right here on our website. At the end of this step, we will order an appraisal of your new home.

Step four: your loan is funded

The real estate agents will find an escrow/title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to make sure the papers your lender will require are avaiailable, and you'll probably}likely sign everything at this company's officeWe coordinate with the title company to set your closing date. Because you will not have to worry with this coordination, you can concentrate on moving logistics, if you're going to repaint, carpet, and the details involved in getting a new home.

You've answered a few questions, given us detailed information, applied , and Before you know it, you'll be moving in! San Diego Financial is in the business of loans; you're not — so we do the work. Doesn't that make sense?

Have questions about the loan process? Call San Diego Financial at 760-415-2345. It's our job to answer lending questions, so we're happy to help!