Minnesota Home Loan Pre-qualification Application

1. Applying for a Loan
The application process is free, easy and fast. You can apply for a mortgage instantly by phone (1-952-548-8253), the process takes about five minutes. You can also apply online on this website. Whichever way you choose to apply, we will help you to obtain a fast approval so you will know the loan amount you qualify for almost immediately.

2. Verifying Your Application
Within 3-4 business days, you will be sent complete documentation relating to your loan. This package will include a Good Faith Estimate, a Truth-in-lending Disclosure statement, and a list of documentation we will need in order to facilitate the processing of your loan.

3. Processing Your Loan
Once you and your loan officer have decided on a loan program that best suits your needs, a home appraisal will be scheduled. The appraiser's review will be sent to your loan officer who will then submit your loan application, appraisal and list of documentation to the processing department. A loan request file will be created and organized for an initial review based on income and credit worthiness. Once your loan is fully processed, it will be sent to the underwriting department.

4. Underwriting Your Loan
The underwriting process is the time when you will receive your loan approval. Your loan request will be reviewed in comparison to factors such as credit, income, debt to loan request will be reviewed in comparison to factors such as credit, income, debt to income ratios, savings accounts and property appraisal. This process usually takes between 2 to 3 business days. If any matters arise during the underwriting process, your Loan Officer will contact you with instructions on how to satisfy underwriting conditions. Typically, a loan is approved quickly. Sometimes, additional documentation is needed or the loan program needs to be slightly adjusted. in either case, your Loan Officer will help you through every step of the loan process.

5. Closing Your Loan
After your loan request has been approved, the Mortgage Team at MinneapolisMNHomes.com will prepare the closing document package that will be supplied to the Title Company. The closing of your loan typically occurs within 3-5 days of your loan approval.

Please fill out the form below to take advantage of our FREE Pre-Approval Application:

Loan Purpose Purchase Refinance Equity Loan Contact Information:  BORROWER  CO BORROWER * Name: First, MI, Last * Home Telephone Work Telephone Fax Telephone * E-Mail Address * Street Address * City * State * Zip Code Pre Tax Income - Salaried Employee: Income Salaried Employee Pre Tax Income - Self Employed (Adjusted after expense): Income Self Employed Debts (Please complete for mortgages, auto loans and leases, revolving debt or other contractual obligations - do not include 401k contributions): Monthly Debts Cash - How much cash have you budgeted for a downpayment & closing costs? Cash Budgeted Please use this space for any questions you might have. Questions? * Enter Code By clicking on "Submit", you certify all the terms below are true:

ALL THE LEGAL STUFF

I certify that the information provided here in this application is true and correct to the best of my knowledge. Further, I authorize the Mortgage Team at MinneapolisMNHomes.com and their mortgage lender to verify any information included with or made part of this application including other documents that may be requested at a later date. I also authorize any person or party named in this application to provide any and all information that the Mortgage Team at MinneapolisMNHomes.com and their mortgage lender may request including, but not limited to; employment, income history, credit records, pay histories, income tax returns, bank and/or other depository account balance history or any other information the Mortgage Team at MinneapolisMNHomes.com and their mortgage lender deems necessary to secure a credit decision.

I further understand that an appraisal will be required on the property that I am financing and that the charge for this service is a pass-through expense that will be paid by me at the time requested. Typically, these fees range from $275 to $450 (or more) depending on the complexity of the appraisal and the required format in the underwriting process.

Finally, I understand that if I elect to lock-in my rate now, that:

Congratulations!
Your loan request is well on it’s way to PRE-APPROVAL!!