How to Begin The Loan Process
Your dedicated Inspire Home Loan Officer is always available to you to answer your questions and share details on the path to loan approval. As a beginning, we present the basic steps of the journey...
Step 1: Submitting for Prequalification
Step 2: Your loan officer
You will speak with your Loan Officer to discuss the results of your prequalification and your financing choices so you are fully informed.
Step 3: Preparing for loan approval
Once you've chosen your new home, your Loan Officer will help you gather the required documentation to prepare for a loan approval.
Step 4: Preliminary approval
Once an experienced, knowledgeable underwriter has reviewed your loan, your Loan Officer will call with with your conditional loan approval and the next steps in the process.
Step 5: Final Loan Approval
As you approach your closing date and your interest rate is locked, you will work with both your Loan Officer and Loan Processor to update financial documents. Providing updated paystubs and bank statements is completely normal.
Step 6: Crossing the Finish Line
All of your hard work has paid off! Once you are given final approval, loan documents will be sent to the closing agent for you to sign to finish the financing process.