Home Loan San Diego; 3 easy steps

Home Loan San Diego

Step one to getting a home loan San Diego is to get prequalified! It sounds obvious but most people think they have to gather their entire financial history first and take it to the local bank. Not so. A competent loan officer can  prequalify you over the phone in just a few minutes by asking the right questions and not only give you a very accurate idea of how much of a home loan you qualify for but more importantly,  how much home loan payment you’re comfortable with.

Step Two: Make sure you have a loan officer who is submitting your home loan information to an automated underwriting system such as DU/LP. This system  provides a blanket approval that will be honored at every bank out there.  This piece of paper alone assures you that you can get the home loan you want at any bank so long as you provide the supporting documentation for income , assets, etc.

Step Three: Now we can gather the supporting documentation and your loan officer will submit it to the lender of choice for your final home loan approval.

So there you have it! Three easy steps and 95% of the work is done for you if you have the right loan officer.