About the Loan Process

Make no mistake, there's quite a lot to do in oder to get a mortgage. You would not be looking up loan information if it were possible to get a loan in a single day by filling out a simple application. But New Millennium Mortgage Co. NMLS: 331173 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

This is a function of a couple things. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment abount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few quewstions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: pre-qualify for your loan

This step is where New Millennium Mortgage Co. NMLS: 331173 will begin to save you money. You will provide info on your current job, your assets, and your residence history. You'll give us information on your employment, asset, and residence history. We will pull get your credit report and score (with your permission, of course). After we've finished reviewing this information, we'll give you a pre-qualificaiton letter. Be careful with this letter — it is a useful tool for buying your new home! With this letter, your real estate agent will negotiate the best deal for your new home. The pre-qual letter gives you buying clout! While you're shopping for a new home with your REALTOR™, we find the best program for you.

Step three: apply now! We make it easy

After you've signed the 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. After the offer has been accepted and you have submitted your loan application, we will order the professional appraisal on the home.

Step four: funding

Your real estate agent and the seller's will work together to find a title company to handle the funding of your loan. We'll work with this company to ensure all the papers your lender needs are in order, and you'll probably}likely sign everything at their officeWe do all the work to coordinate with the title company to set your date to close. Because you will not need to worry about these details, you can concentrate on the move, painting, carpet, and the details involved in getting your new home.

You've answered some few questions, given us detailed information, applied , and the next thing you know, you are moving in! We take care of the legwork so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call New Millennium Mortgage Co. NMLS: 331173 at (941) 366-5800. New Millennium Mortgage Co. NMLS: 331173 answers loan process questions every day.

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