Our loan application is online and streamlines our process. If you prefer to do via phone or in person, just let us know.
Submit your supporting documents to our online portal and we'll tell you how much you're pre-approved for.
Scroll way down for a downloadable file with the required documents.
Give your realtor the "must-haves" and "can-live-with-outs", so they can narrow your home search.
Listen to their advice when making an offer. Too low, could raise red flags for sellers. If you're asking for closing cost credit from the seller, in some cases you will need to be closer to, if not AT or OVER asking price.
Negotiate a fair price, sign a contract, have the home inspected, and continue working on outstanding documents for us.
If you've gotten us all the supporting documents, we'll call the listing agent and put in a good word for you as a solid buyer. This could be the difference in getting the home you want, or loosing it to a more prepared buyer.
An appraiser will assess the value of your new home, while the title company ensures nobody other than the seller has an ownership claim. Meanwhile, your file is sent to our underwriter for a review.
The loan is based on the appraisal, so the value must come in at least the same as the purchase price, or you'll need to renegotiate with the seller, or make up the difference out of pocket.
When your loan is initially approved by the underwriter, it's known as a "conditional" approval. While that sounds scary, it just means that we need a few more items. Some from you, some from the title company, and maybe even from the appraiser. Once we have it all, we resubmit it all to the underwriter for a final review. When they clear it all, it's known as "Clear to Close."
A few days after the CTC is issued by the underwriter, you will send a wire to the title company with the "cash to close" amount on the final closing disclosure and attend closing. Sign and initial until your hand hurts, then get the keys to your new home!
None of this is possible without teamwork from all parties involved, and your timely response to document requests from us.
In most cases, I'll be working with my team on your file personally, this video helps to know who you're working with.
Getting your documents to us is THE MOST IMPORTANT PART OF THE PROCESS. While we believe everything you tell us in the application process, it's up to us to prove it to the underwriter. "Lies until proven true" is how an underwriter will look at a loan.
Get this part of the process out of the way, so the heavy lifting is done!!
Below is a downloadable file with a checklist of required documents to get your loan pre-approved.
Saving them to a folder on your desktop is ideal, so you can upload them to our secure portal later.
Without sacrificing personal service or attention, our mortgage company has created a streamlined process for your loan.
If you're not already working with a realtor, let us know. We know the best in the business, and want to make sure you have the best team on your side.
We'll help you assemble a team to make your purchase as smooth as possible.
Not all realtors are created equal! Having worked with the best, I know the best. Specialized in various South Florida markets, but with a nationwide referral network, I can connect you with someone reputable and knowledgeable in the area of your new dream home!
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American Residential Lending
8461 Lake Worth Road, Suite 425
Lake Worth, Florida 33467
Monday - Friday: 9:00am - 5pm
Available via Phone Appointment 8am-8pm
Florida Office of Financial Regulation License #MLD1276
Licensed by the New Jersey Department of Banking and Insurance, License #1359704
NMLS ID: 1424690 Branch: 135970