How the Loan Process Works

	Shopping for a mortgage loan? We'll be glad to answer your questions about our many mortgage solutions! Call us at 678.539.8100. Ready to get started? Apply Here.

There can be little doubt ; getting a mortgage is a complicated process. You wouldn't be here on our website if you could complete a simple mortgage application and receive the best loan funded the same day. But STELLAR mortgage corporation does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four important steps involved in getting a loan.

Step one: Decide on your maximum loan amount

A couple of factors determine this amount. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment amount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few questions. Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: complete a pre-qualification

This step is where STELLAR mortgage corporation can start saving you money. You will provide details on your current job, assets, and residence history. You'll provide your employment, asset, and residence history information. We will get your credit report and score (only after you give your permission, of course). When we review all this info with you. When you are ready to make your offer we provide a letter of pre-qualification for that property.  With this letter, your REALTOR® will negotiate the best deal for your new home. While you're looking for your new home with your REALTOR™, we find the best program for you.

Step three: apply for your loan

After you've signed an offer and the sellers have accepted, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply online right here on our site. At the end of this step, we'll order an appraisal of your new home.

Step four: funding

The agents will find an escrow/title company to handle the "funding" and closing of the sale. We'll work with this company to ensure all the papers your lender will require are in order, and you will probably}likely sign all these papers at their officeWe do all the work to coordinate with the title company on your date of closing. Because you will not need to coordinate this process, you can concentrate on moving, painting, new carpet, and the details involved in getting your new house.

You've answered some few questions, given us detailed information, applied , and Before you know it, you'll be moving! We take care of the legwork so you can focus on finding the new home that's right for you.

Have questions about the loan process? Call STELLAR mortgage corporation at 678.539.8100. We answer questions about the loan process every day.