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About the Loan Process

There's quite a lot to do when you get a mortgage loan. You would not be researching mortgage loans if it were possible to get a mortgage loan in a single day by filling out a simple application. But First Equity Home Loan, Inc. does the heavy lifting so you can concentrate on your life rather than the mortgage 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? 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. And we can guide you to the right loan amount and best program for you when you answer a few 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 the rubber meets the road and you save the most money. You will give us info about your employment, your assets, and your residence history. You'll give us your employment, asset, and residence history information. We will pull get your credit report and score (with your permission. After we've finished reviewing the provided information, we'll provide you with a pre-qualification letter. Be careful with this letter ? it is a useful tool for buying your new home! With this letter, your Realtor? will negotiate the best deal for your new home. While you're deciding on your new home, we're busy finding the loan program that's just right for your unique situation.

Step Three: Apply now! We make it easy

Once you've made an offer and the sellers have accepted, it's time to apply for the loan. Applying for a loan could not be much easier; you can apply from the comfort of your home right here on our site. After the seller has accepted your offer and you have submitted your loan application, we'll order the professional appraisal on the home.

Step Four: Funding

Your real estate agent and the sellers will coordinate to find a title company to handle the funding of your loan once it has been approved. We'll work with this company to ensure the papers your lender will need are available, and you'll probably sign all these papers at their office. We will coordinate with the title company on your closing date. Since you won't have to worry about these details, you can concentrate on moving, if you're going to repaint, carpet, and all the details of moving into your new home.

After you have answered some few questions, given us detailed information, and applied, you'll be ready to move sooner than you think! First Equity Home Loan, Inc. is in the business of mortgage loans; you're not ? so let the experts do the work. Doesn't that make sense?

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Mortgage Calculator

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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 3.75% 3.79%
15-yr Fixed 3.22% 3.29%
1-yr Adj 3.46% 3.49%
* national averages

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First Equity Home Loan, Inc.