How the Mortgage Loan Process Works

Sublime Financial in Dallas knows there's quite a bit involved when customers begin researching mortgages. Buying a home is considered a life event by anyone's standards. Refinancing an existing home is another life event our customers often undertake to improve their current way of life. No matter the loan product our customers are looking for, we do the heavy lifting so our customers can feel at ease during the process.

Finding the right home loan involves four major milestones.

Step one: Decide how much you can afford

This is a function of a couple things. What kind of monthly payment are you looking for? What is the maximum you can borrow from a lender, given your income and credit history? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple questions. 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: complete a pre-qualification

This is where the process really begins and Sublime Financial can really save you money. You provide the details about your current job, assets, and your residence history. Then tell us about your employment, asset, and residence history information. Then we'll pull get your credit report and score (only after you give your permission, of course). After we've reviewed all your information, we'll give you a pre-qualification letter. Handle it with care — it can be a useful tool when you make your offer! Your REALTOR® should use the pre-qual (as they may call it) to make the best offer on the home you choose. While you're picking out the home that's right for you, we're working in the background researching the best loan program for you.

Step three: apply now! We make it easy

Once you have made an offer and it's been accepted, it's time to apply for the loan. It's very easy, and you can apply online, right here on our site. After the seller has accepted your offer and you have applied for your loan, we will order the professional appraisal on the home.

Step four: your loan is funded

Your real estate agent and the seller's will coordinate to decide on a title company to handle the funding of your loan. We'll work with this company to make sure the papers your lender needs are available/ We do all the work to coordinate with this company on your closing date. There's no need for you to worry with this coordination, you get to think about moving, paint colors, new carpet, and the details involved in getting your new home.

Sublime Financial has helped countless customers here in Dallas and the rest of Texas get into the home of their dreams. Let us add you to our ever growing list of customers and make your home ownership dreams come true as well.