About the Loan Process

There is no doubt ; getting a mortgage loan is a complex process. You wouldn't be visiting our site if it were possible to fill out a one-page mortgage application and get a great loan funded in one day. But Capacity Lending, LLC does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a mortgage loan involves four major milestones.

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? 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 quewstions. 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 is where Capacity Lending, LLC will start to save you money. You will provide information on your employment, assets, and your residence history. You'll give us your employment, asset, and residence history information. We get your permission to run your credit score and report. After we've finished reviewing the provided information, we'll provide a pre-qualificaiton letter. Your real estate agent should use the pre-qual (as they may call it) in order to make the best offer on the home you choose. While you're looking for a new house with your agent, we find the best program for you.

Step three: apply now! We make it easy

Once you have signed an offer and the sellers have accepted, it's time to apply for the loan. It's very easy, and you can do it online, right here on our site. Finally, we will order the appraisal of your new home.

Step four: your loan is funded

Your real estate agent and the seller's will work together to designate an escrow/title company to take care of the funding of your loan. We'll work with this company to make sure the papers your lender will require are in order, and you'll probably}likely sign all these papers at their officeWe work with with this company on your date of closing. Since you won't need to worry with this coordination, you can concentrate on the move, paint colors, new carpet, and the details involved in getting your new house.

You've answered some few questions, given us detailed information, applied , and the next thing you know, you are deciding when to move in! We take care of all the loan details so you can focus on finding the new home that's right for you.

Have questions about the loan process? Call Capacity Lending, LLC at 469-640-0400. Capacity Lending, LLC answers loan process questions every day.

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