Make no mistake, there's a lot to do in order to get a mortgage loan. You would not be researching mortgage loans if it were possible to get a mortgage loan in one day by filling out a simple application. But we do the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Getting a home loan involves four major steps.

Step one: determine how much you can borrow

A couple of factors determine this amount. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? You can get a good idea of your preferred payment amount using the calculators on our website. And we can guide you to the right loan amount and best program for you when you answer a few 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 four: your loan is funded

The agents will find a title company to handle the "funding" of the loan and closing of the sale. We'll coordinate with this company to ensure the papers your lender will require are in order, and you will probably}likely sign everything at their officeWe do all the work to coordinate with the title company on your closing date. Since you don't need to worry about these details, you can think about moving, if you're going to repaint, new carpet, and the fun parts of moving into your new house.

You've answered a few questions, given us lots of information, applied , and the next thing you know, you are deciding when to move in!  New American Funding is in the business of loans; you're not — so we do the work. Makes sense, doesn't it??