The Home Loan Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Southern Trust Mortgage
Pat Miller Team
Loan Officer
NMLS# #2019739
About Us
We know our clients are all unique, and we pride ourselves on providing individualized service to help make their homeownership dreams come true. We offer the comfort of knowing your clients are in well-qualified hands for referral partners, and we aim to provide a smooth and seamless experience. We enjoy seeing everyone still smiling at the closing table!
Whether you’re a first-time buyer, purchasing your fourth home, eligible for a VA loan, looking to buy an investment property or second home, or considering refinancing your current mortgage, we have a loan program that will best serve you. At Southern Trust Mortgage, we have the experience, knowledge, and tools to ensure our clients receive the best pricing and loan program for their needs.
We offer a wide array of home loan programs, including first-time homebuyers, VA, jumbo loans, USDA, FHA, new construction, and conventional loans.
At Southern Trust Mortgage, we guide our clients every step of the way. We pride overserves on ensuring your experience is smooth, and every detail is attended to, allowing you to close on time.
We treat our clients like our friends, neighbors, and family because often they are.
We look forward to working with you!
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
ESTIMATE YOUR MONTHLY PAYMENT
Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.
Price
Annual Tax
Loan Term (Years)
Down Payment %
Interest Rate %
Monthly HOA
Monthly Insurance
$3,198.20
Estimated Monthly Payment
Principal
$2,398.20
(75.0%)Taxes
$500.00
(15.6%)HOA
$100.00
(3.1%)Insurance
$200.00
(6.3%)We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
