Make sure that you are pre-approved for the home you want to purchase! Once you select Upstate Mortgage for your home loan, you’ll be amazed at how quickly and simply the home mortgage loan process moves. Before you know it, you’ll have a mortgage that suits your lifestyle and saves you money.

We will provide you with regular updates throughout the loan application process. You can also e-mail us with questions or any new information. And if you want a little help or need some more information a mortgage expert who can answer questions is just a phone call away.

Here’s an overview of the loan application process:

Step One — Apply Now! Getting started is easy

When you’ve found the perfect home and have a contract with the seller, the next step is to complete your home loan application. We offer an online application so you can get started quickly!  To get started, select a Full Application or our Short Application from the “Apply Online” button above.

Step Two — Gather your necessary documents

Generally, you will need to provide the following to your Loan Officer:

  •  Last 2 years of tax returns with all schedules, W2′s, etc.
  • Most recent 30 days of pay stubs
  • Most recent 60 days of assets – checking, savings, 401K, etc.
  • Copies of any additional documentation as it applies – for example proof of social security or child support if being used for income purposes

Step Three — Negotiate the contract with your real estate agent

Work with your realtor to finalize the contract for your new home and once that is complete, you will forward the contract to your mortgage company and get the home mortgage process started. Now you will begin ordering your inspections, appraisal, etc.

Step Four — Work through the loan process with your loan officer

These days the process can be a bit daunting so be prepared for more questions and maybe even providing more documentation to the lender once your loan reaches the underwriting step of the home loan process. It is important to remember that the loan officer is on your side and only trying to get your loan to closing with the least amount of difficulty. Underwriting these days can be stressful and does not always make a lot of sense to the average home buyer. Your loan officer will be glad to answer any questions you may have throughout this process.

Step Five — The closing

Once your loan has received a final approval, it is ready to move on to closing. You will coordinate with your realtor and the mortgage company to set a date and time that works for everyone.  You will do a final walk through of the home and will typically see a final settlement statement the day before closing.  Remember to pick up a cashiers check to bring with you to closing for the amount needed to close your home loan. You will sign a lot of paperwork here and get your keys!  Congratulations, you are a homeowner!!!

Simple, Straightforward, Cost Effective, and FAST!