The Home Loan Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
Our Preferred Lender
Keith Swisher
President
- NMLS # 4568
- 10140 Linn Station Rd, Louisville, KY 40223
- (502) 340-1199
- Keith@statewidemortgage.com
“I really enjoy creating strong relationships with people and bringing my own special sense of humor to every situation. I’ve built my company by working hard for my clients and delivering a high level of integrity to our business.”
-Keith Swisher
The president of Statewide Mortgage, Keith has more than 20 years’ experience in the industry, along with an insurance background. He earned a Bachelor of Arts degree in Business and Accounting from Western Kentucky University. He also has an Associate’s degree from Florida College. After his own home-buying experience in 2001, Keith was motivated by the idea of improving the process and decided to establish his own mortgage business, centered around the homebuyer. With the motto of “do what’s right” and a line of credit on his home, Statewide Mortgage was created. Clients can count on Keith and his team for honest, stress-free home lending and refinancing. He says they can also count on him to “have really good hair.” (Yes, he definitely has a crazy sense of humor!)
Besides the mortgage business, Keith says “There’s no greater joy than family.” He and his wife have three kids and a menagerie of animals: two dogs, eight feral barn cats and one guinea pig. In his spare time, he’s active in his church and children’s sports.
