The Loan Process

The Loan Process – Step-by-Step Guide to Securing Your Mortgage

At Lending Blvd, we make the loan process simple, transparent, and stress-free for homebuyers, real estate investors, and business owners. Whether you're applying for a home loan, commercial mortgage, or alternative financing, our streamlined process ensures you get the best rates and terms with a smooth closing.

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Step 1: Pre-Qualification – Understanding Your Buying Power

Before shopping for a home or investment property, it’s essential to know how much you can afford. Our Pre-Qualification process helps you:

✔ Estimate your loan amount & monthly payments
✔ Review your income, credit, and assets
✔ Discuss loan programs that fit your needs

📌 Tip: Pre-Qualification is not a commitment but a helpful tool to understand your options before formally applying.

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Step 2: Mortgage Programs & Rates – Finding the Right Loan

Lending Blvd offers a wide range of loan programs tailored to different borrowers:

🏡 Home Loans – FHA, VA, Conventional, First-Time Buyer Programs
📈 Investment & DSCR Loans – No income verification needed for investors
🏢 Commercial Real Estate Loans – SBA, Bridge, Multifamily, Fix & Flip
📝 Lite Doc & Bank Statement Loans – Ideal for self-employed borrowers
🌎 Foreign National Loans – No U.S. credit history required

🔍 Tip: Interest rates vary based on your credit score, loan type, and market conditions—ask us about locking in a great rate!

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Step 3: The Loan Application – Getting Started

Once you choose the right loan, you’ll complete the official mortgage application. You’ll need to provide:

✔ Personal & employment details
✔ Income & asset information
✔ Property details (if applicable)

📌 Tip: Be honest and thorough to avoid delays in processing!

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Step 4: The Loan Estimate – Understanding Costs

After submitting your application, you’ll receive a Loan Estimate (LE) within three business days. This document outlines:

📄 Your loan terms (amount, interest rate, monthly payment)
💰 Estimated closing costs (fees, taxes, insurance)
🏡 Projected cash-to-close

🔍 Tip: Compare this document with other offers to ensure you're getting the best deal!

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Step 5: The Intent to Proceed – Moving Forward

To officially move forward, you must sign the Intent to Proceed form. This step signals that you agree to:

✔ Continue with the loan process
✔ Allow us to begin underwriting and appraisal
✔ Pay any necessary fees (e.g., appraisal fees)

📌 Tip: Signing the Intent to Proceed doesn’t lock you in, but it allows us to keep processing your loan efficiently!

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Step 6: Processing – Preparing Your Loan for Approval

At this stage, our team works behind the scenes to:

📂 Verify your income, assets, and employment
🏦 Confirm your credit history & debt obligations
🏡 Order the home appraisal

🔍 Tip: Stay responsive! If we request additional documents, providing them quickly can speed up the process.

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Step 7: Requested Documents – What You’ll Need

Each loan type requires different documents, but in general, you may need:

✔ Bank statements (personal or business, if applicable)
✔ Pay stubs or profit & loss statements
✔ Tax returns (if required for loan type)
✔ Credit authorization & identification

📌 Tip: Organize your paperwork ahead of time to avoid delays!

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Step 8: Credit Reports – Evaluating Your Creditworthiness

Your credit score and history play a major role in:

📈 Determining your loan eligibility
💰 Qualifying for better interest rates
📊 Setting down payment requirements

🔍 Tip: If your credit needs improvement, we can guide you on steps to boost your score before closing.

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Step 9: Appraisal Basics – Determining Property Value

A licensed appraiser will evaluate the property to ensure it meets:

🏡 Market value standards – The price matches similar homes
📉 Loan-to-value (LTV) ratios – To determine down payment needs
🛠 Property condition – It meets safety & livability standards

📌 Tip: A good appraisal can help secure better loan terms!

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Step 10: Underwriting – Final Loan Approval

At this stage, our underwriters review all documents to:

✔ Ensure you meet loan guidelines
✔ Verify your income, assets & employment
✔ Assess risk & finalize approval

🔍 Tip: If we request additional conditions (such as more documents), provide them ASAP to avoid delays!

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Step 11: Closing Disclosure – Reviewing Final Numbers

You will receive a Closing Disclosure (CD) at least three days before closing, summarizing:

📑 Final loan terms & monthly payments
💰 Closing costs & cash-to-close amount
✍ Loan conditions & legal details

📌 Tip: Carefully review and compare the Closing Disclosure with your initial Loan Estimate. If you have questions, ask before closing!

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Step 12: Closing – Signing & Funding Your Loan

The final step! You’ll meet with a title company or attorney to:

🖊 Sign the loan documents
💰 Pay any remaining closing costs
🔑 Receive the keys (for home purchases)

📌 Tip: Once the loan is funded and recorded, you officially own the property or complete the refinance!

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Final Thoughts – Why Choose Lending Blvd?

At Lending Blvd, we make the loan process simple, efficient, and tailored to you. Our team provides:

✅ Personalized loan solutions for homebuyers, investors & business owners
✅ Fast approvals & hassle-free closings – no unnecessary delays
✅ No tax return options & alternative documentation loans
✅ Expert guidance every step of the way

📞 Ready to get started? Contact Lending Blvd today for a free consultation and pre-qualification! 🚀

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