Mortgage Loan Process

Mortgage Loan Process

We’ve simplified our loan process to better serve you.


These 5 simple steps will prepare you for the mortgage process. Do you still have questions about the home-buying process? You can reach out to one of our local mortgage experts by calling 844-BKMU-MTG toll-free any time, or by sending us a message.

Step 1: Get Organized

Collect all the documents you’ll need to apply for your loan. Check out our Mortgage Application Checklist for a list of documentation typically required. 

Step 2: Get Pre-Approved

The pre-approval process includes verifying your credit, income, assets and liabilities. This step will help you determine how much you can afford to borrow, give you a stronger negotiation position, and help you close in a shorter period of time.

Step 3: Learn

There are many different loan programs to choose from. Your Loan Officer will help you find the right one for your situation.

Step 4: Apply Online or In Person

Whether you apply in-person, over the phone, or online, your Loan Officer can walk you through the loan process and review all your required documents.  

The approval process starts once your application is received. This involves verifying your credit and employment history, your assets such as bank accounts, stocks, mutual fund, and retirement accounts, and the value of the property you want to buy.

Based on your specific situation, additional documents or verifications may be required.

To improve your chances of getting approved:

  • Fill out the loan application completely and accurately.

  • Respond promptly to requests for additional documents or information. This is especially critical if your rate is locked or if you hope to close by a certain date.

  • Avoid taking out additional loans at this time as more debt could negatively affect your application. Notify your Loan Officer before applying for other credit cards, personal loans, or even another mortgage somewhere else. Credit inquiries may lower your credit score, and some loan programs have strict guidelines regarding your credit score.

  • Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives to help with your down payment, alert your Loan Officer.

  • If you have to be out of town when your loan is expected to close, sign a power of attorney that authorizes another individual to sign on your behalf.

Step 5: Closing

Be prepared, your title company may require that you wire funds to the closing.  Cashier’s checks are often acceptable.  Please note, personal checks are typically not accepted.

Before you sign anything, review all final loan documents to verify the information is accurate, including interest rate, loan terms and even your name and address. You may need to show a picture ID and may be asked to show your Social Security card.