Applying for a mortgage can be a daunting task, especially if you are a first time homebuyer navigating the homebuying process for the first time. At Maple Tree Funding, we work hard to make the mortgage application process easy, straightforward, and stress free for our customers.
Here, you’ll find some helpful mortgage application information to guide you as you begin the homebuying process. You can also check out our step by step guide to the mortgage process so you can understand the process and make informed decisions along the way.
For many homebuyers, the first step towards buying a home is applying for a mortgage. Even before you find the home you want to purchase, you should begin the application process. Being preapproved or prequalified for a mortgage ahead of time can be an advantage. It can make you a more qualified buyer and can accelerate the homebuying process when you finally find the right home for you and can’t wait to call it yours!
So where do you begin?
First, prepare to apply by gathering the items you’ll need to complete a mortgage application successfully.
Next, contact a licensed Mortgage Loan Originator (MLO) like Maple Tree Funding to initiate the application process. Working with a mortgage professional, you’ll learn about the mortgage options that might be available to you and find out how much you can realistically afford to spend on a home.
Once you are working with a mortgage lender or broker, you will likely be asked to fill out a Uniform Residential Loan Application, often referred to as Form 1003. You can Download a Sample Form here. This allows mortgage professionals like us to determine your credit score, your financial situation, your current address and your employment history, all of which will be used to help determine the best mortgage options for you.
After completing these three steps, you will be well on your way to financing the home of your dreams!
At Maple Tree Funding, we pride ourselves on making the process of applying for a mortgage as stress-free as possible. Our team of experienced mortgage professionals works hard to assist clients with the mortgage application process from start to finish. Whether you’re refinancing or navigating your way through the mortgage process for the first time as a new homebuyer, we can help!
Give us a call at 518-782-1202 for more information on the mortgage approval process or to find out how you can get pre-qualified for a home loan with us.