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    • HOME
    • GET STARTED
      • APPLY NOW
      • The Mortgage Process
      • Understanding Your Credit
      • Mortgage Calculator
    • MORTGAGE PROGRAMS
      • Refinance
      • FHA Home Loan
      • Conventional Loans
      • Veterans "VA" Loan
      • JUMBO Loans
      • Additional Programs
    • Contact
  • HOME
  • GET STARTED
    • APPLY NOW
    • The Mortgage Process
    • Understanding Your Credit
    • Mortgage Calculator
  • MORTGAGE PROGRAMS
    • Refinance
    • FHA Home Loan
    • Conventional Loans
    • Veterans "VA" Loan
    • JUMBO Loans
    • Additional Programs
  • Contact

The Mortgage Process

Stage 1: The Documentation Stage

Stage 1: The Documentation Stage

Stage 1: The Documentation Stage

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In the Documentation Stage, you play a crucial role as the quarterback of the team. We'll need several essential documents from you, including:

  1. W2’s – From the last 2 years
  2. 2 Most Recent Paystubs
  3. 2 Most Recent Bank Statements – All pages
  4. Copy of your driver's license


It's vital not to alter your financial situation during this stage, which means avoiding 

  • major purchases (such as furniture for your new home)
  • applying for new credit (like financing for a car)
  • making changes in employment (please refrain from quitting your job)

Stage 2: The Appraisal Stage

Stage 1: The Documentation Stage

Stage 1: The Documentation Stage

Start building equity today!

In the Appraisal Stage, a licensed third-party appraiser assesses the value of the home you're purchasing to ensure it aligns with the offered price. The most common method involves comparing it to recently sold homes in your neighborhood over the last six months. However, the appraiser does not consider factors like the roof, appliances, air conditioning, plumbing, foundation, windows, and floors when determining the home's value.


To ensure a comprehensive understanding, we recommend clients also obtain a Home Inspection. If you need a recommendation for a reliable Home Inspector, please let us know – we're here to assist!

Stage 3: The Underwriting Stage

Stage 1: The Documentation Stage

Stage 4: The Conditional Approval Stage

Balance your risk by investing in real estate.

In the Underwriting Stage, our Loan Processor meticulously reviews the documentation you've provided before passing it to our Underwriting Department. The Underwriter plays a crucial role by:

  • organizing your documents into a mortgage-ready file
  • reconstructing your scenario to meet qualification requirements
  • verifying the accuracy and authenticity of all information.


It's normal for Underwriters to request additional documentation, so please don't be alarmed. Instead, promptly accommodate these requests to facilitate a smooth process.

Stage 4: The Conditional Approval Stage

Stage 4: The Conditional Approval Stage

Stage 4: The Conditional Approval Stage

Fast, free loan approvals!

This marks an exciting phase in the process! In the Conditional Approval Stage, you receive the initial indication that your mortgage loan is on track for approval after the Underwriter's preliminary review. However, this approval is contingent upon meeting specific conditions requested by our company, which may include:

  • additional documentation
  • a letter of explanation
  • an acceptable appraisal report.


Upon satisfying all required conditions, your file will be resubmitted to the underwriter for final approval.

Stage 5: The Clear To Close Stage

Stage 4: The Conditional Approval Stage

Stage 5: The Clear To Close Stage

We obtain clear to close early to ensure a smooth on-time closing.

You're nearing the finish line! In the Clear-To-Close Stage, the Underwriter thoroughly reviews all documentation to ensure all conditions are met. We'll then prepare the final documentation for your signature at closing and will reach out to schedule the closing date.

Stage 6: The Closing Stage

Stage 4: The Conditional Approval Stage

Stage 5: The Clear To Close Stage

Our digital process allow you to sign from the palm of your hand.

Celebration time! In the Closing Stage, you'll sign the final documentation, finalize your title documents, and officially get the keys to your new dream home! Easy, isn't it?

DISCLAIMER: All information is deemed reliable but not guaranteed. Neither the mortgage company or website company shall be responsible for any typographical errors, misinformation, misprints and both shall be held totally harmless.  Information is subject to change without notice. This is not an offer for the extension of credit or a commitment to lend; all applicants must meet lender guidelines.

© 2023 -All Rights Reserved / Jennifer Chicano - Mortgage Broker / NMLS# 1194079 / AZ# 1050227 / CA# DFPI1194079 / CO# 100533633 / PA# 112789


 Zero Point Mortgage Services / NMLS# 1216108 /  MB# 0934728 / CA# 60DBO66276

https://www.zpmloans.com

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