Step-by-Step
Step One
✅What we do: Review credit, income, and assets; shop multiple lenders to set a comfortable price range and terms.
🧭What you do: Share goals and budget, upload docs, authorize credit.
📄Docs needed: ID; paystubs & W-2s or 1099/P&L; bank statements; SSN/ITIN.
⏱️Avg. time: 24–48 hours.
🛈 Tip: You don’t need a property picked out to get pre-approved.
Step Two
✅What we do: Compare FHA, Conventional, ITIN, down-payment assistance, Hometown Heroes, etc.; show total cash-to-close and estimated payment.
🧭What you do: Choose your target payment and down payment; decide on rate/points strategy.
📄Docs needed: Usually none extra (self-employed may need updated P&L).
⏱️Avg. time: Same day.
🛈 Tip: Focus on monthly payment, not just the purchase price.
Step Tree
✅What we do: Coordinate with your agent and update your pre-approval letter as needed.
🧭What you do: Tour homes within your qualified range; avoid new credit or big purchases.
📄Docs needed: Updated statements if funds move between accounts.
⏱️Avg. time: 1–4 weeks (varies by market).
🛈 Tip: Taxes/HOA/insurance can change the payment—ask us to re-estimate before offering.
Step Four
✅What we do: Support your offer, call the listing agent, outline timelines, and issue disclosures; discuss rate lock once under contract.
🧭What you do: Sign contract & disclosures; deposit earnest money.
📄Docs needed: Executed contract; proof of funds; gift letter (if applicable).
⏱️Avg. time: Days 0–3 of escrow.
🛈 Tip: Keep assets stable—avoid large, unexplained deposits.
Step Five
✅What we do: Order appraisal; review inspection and help your agent negotiate repairs/credits if needed.
🧭What you do: Schedule inspection; decide on repair requests.
📄Docs needed: Appraisal payment authorization; homeowners-insurance quote.
⏱️Avg. time: 5–10 days.
🛈 Tip: Appraised value affects LTV and mortgage insurance—flag any price changes early.
Step Six
✅What we do: Submit file, clear conditions (income, assets, title, appraisal), verify employment, and prep final numbers.
🧭What you do: Respond quickly to any conditions; provide letters of explanation and updated docs.
📄Docs needed: Latest paystubs/bank statements; LOE(s); insurance binder.
⏱️Avg. time: 7–14 days.
🛈 Tip: Same-day responses keep your Clear to Close date on track.
Step Seven
✅What we do: Issue Closing Disclosure, confirm wire amount, schedule signing with title/attorney.
🧭What you do: Review the CD, arrange wire/cashier’s check, bring ID, sign, get keys.
📄Docs needed: Valid ID; finalized insurance; wiring instructions from title.
⏰Avg. time: Typically ≥ 3 business days after CD is issued.
🛈 Tip: Always call title to verify wire instructions—never trust changes sent only by email.
Step One
✅What we do: Review credit, income, and assets; shop multiple lenders to set a comfortable price range and terms.
🧭What you do: Share goals and budget, upload docs, authorize credit.
📄Docs needed: ID; paystubs & W-2s or 1099/P&L; bank statements; SSN/ITIN.
⏱️Avg. time: 24–48 hours.
🛈 Tip: You don’t need a property picked out to get pre-approved.
Step Two
✅What we do: Compare FHA, Conventional, ITIN, down-payment assistance, Hometown Heroes, etc.; show total cash-to-close and estimated payment.
🧭What you do: Choose your target payment and down payment; decide on rate/points strategy.
📄Docs needed: Usually none extra (self-employed may need updated P&L).
⏱️Avg. time: Same day.
🛈 Tip: Focus on monthly payment, not just the purchase price.
Step Tree
✅What we do: Coordinate with your agent and update your pre-approval letter as needed.
🧭What you do: Tour homes within your qualified range; avoid new credit or big purchases.
📄Docs needed: Updated statements if funds move between accounts.
⏱️Avg. time: 1–4 weeks (varies by market).
🛈 Tip: Taxes/HOA/insurance can change the payment—ask us to re-estimate before offering.
Step Four
✅What we do: Support your offer, call the listing agent, outline timelines, and issue disclosures; discuss rate lock once under contract.
🧭What you do: Sign contract & disclosures; deposit earnest money.
📄Docs needed: Executed contract; proof of funds; gift letter (if applicable).
⏱️Avg. time: Days 0–3 of escrow.
🛈 Tip: Keep assets stable, avoid large and unexplained deposits.
Step Five
✅What we do: Order appraisal; review inspection and help your agent negotiate repairs/credits if needed.
🧭What you do: Schedule inspection; decide on repair requests.
📄Docs needed: Appraisal payment authorization; homeowners-insurance quote.
⏱️Avg. time: 5–10 days.
🛈 Tip:Appraised value affects LTV and mortgage insurance, flag any price changes early.
Step Six
✅What we do: Submit file, clear conditions (income, assets, title, appraisal), verify employment, and prep final numbers.
🧭What you do: Respond quickly to any conditions; provide letters of explanation and updated docs.
📄Docs needed: Latest paystubs/bank statements; LOE(s); insurance binder.
⏱️Avg. time: 7–14 days.
🛈 Tip: Same-day responses keep your Clear to Close date on track.
Step Seven
✅What we do: Issue Closing Disclosure, confirm wire amount, schedule signing with title/attorney.
🧭What you do: Review the CD, arrange wire/cashier’s check, bring ID, sign, get keys.
📄Docs needed: Valid ID; finalized insurance; wiring instructions from title.
⏱️Avg. time: Typically ≥ 3 business days after CD is issued.
🛈 Tip: Always call title to verify wire instructions. Never trust changes sent only by email.
4800 N Federal Hwy STE 104A,
Boca Raton, FL 33431
1507 S Hiawassee Rd STE 112,
Orlando, FL 32835
Monday to Friday, 9am – 6pm
We compare mortgage options to find the best rate tailored for you. Save more with our expert guidance.
Phone: (833) 214-8444 | contact@heartmortgage.com
We compare mortgage options to find the best rate tailored for you. Save more with our expert guidance.
We compare mortgage options to find the best rate tailored for you. Save more with our expert guidance.
Phone: (833) 214-8444 | contact@heartmortgage.com
See bellow NMLS license per state.
MA – MB-2045769
CT – MB-2045769
FL – NMLS#2045769
NH – NMLS#2045769
RI – NMLS#2045769
SC – NMLS#2045769
TX – NMLS#2045769
NJ – NMLS#2045769
NC – NMLS#2045769
GA – NMLS#2045769
MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.
www.nmlsconsumeraccess.org
