About the Loan Process

There can be no question that getting a mortgage loan is a complex process. You wouldn't be visiting our site if you could fill out a one-page loan app and get a great loan check cut in one day. But SoFlo:AM 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 mortgage loan.

Step one: Decide how much you can afford

A couple of factors determine this amount. What kind of monthly payment are you looking for? 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 abount 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 quewstions. 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: complete a pre-qualification

This step is where SoFlo:AM will start to save you money. You will supply info about your employment, your assets, and residence history. You'll supply your employment, asset, and residence history information. We run your credit score and report. After we've finished reviewing this information, we'll provide a pre-qualificaiton letter. Be careful with this letter — it is a great tool when you make your offer! Your real estate agent will likely use the pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for the home that's right for you, we are looking for the best loan program for you.

Step three: apply now! We make it easy

After you've made an offer and the sellers have accepted, it's time to apply for the loan. Applying for a loan couldn't get much easier; you can apply any time right here on our site. When the time is right, we will order an appraisal of your new home.

Step four: your loan is funded

The agents will find a title company to handle the "funding" and closing. We'll coordinate with this company to make sure the papers your lender needs are in order, and you'll probably}likely sign everything at their officeWe do all the work to work with with this company on your date to close. Because you don't have to worry with this coordination, you can concentrate on moving, paint colors, carpet, and the fun parts of getting a new house.

You've answered a few questions, provided detailed information, applied , and the next thing you know, you're deciding when to move in! We do the legwork so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call SoFlo:AM at 954-375-7774. It's our job to answer lending questions, so we're happy to help!

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