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The Mortgage Process

A Brief Guide to Obtaining a Loan to Purchase Your Portland Home

Step 1: Application

Complete a loan application in person, by phone or via the internet.
Application reviewed to match you with desired loan program.
Credit report ordered and reviewed.
Pre-Qualification Letter may be issued at this time.

Step 2: Initial Underwriting

File forwarded to lender for initial underwriting.
Underwriter determines what is needed to support your application (e.g. bank statements, tax returns, appraisal).
Conditional Loan Approval issued at this time.

Step 3: Processing

Loan officer and processor gather information requested by underwriter.
Preliminary title report requested and home appraisal and inspection may be completed.
Loan officer may request additional information from you at this time.