Licensed in: CA

The Loan Mortgage Process: Four Steps

Make no mistake, there's a lot involved in order to get a mortgage. You wouldn't be visiting our website if you could fill out a simple mortgage application and get a great loan check cut the same day. But Award Mortgage Group does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

Step One: Decide how much you can afford

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? Use the calculators on our website to determine your monthly payment amount. We'll also help you through different scenarios by asking a few simple 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 Two: Pre-qualify for your loan

This is where Award Mortgage Group will start saving you money. You will give us information on your current job, assets, and residence history. You'll provide your employment, asset, and residence history information. We will get your credit report and score (only after you give your permission. After we've reviewed this information, we'll provide a pre-qualification letter. Your Realtor® will likely use the pre-qual (as they may call it) to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're shopping for a new home with your real estate agent, we find the best program for you.

Step Three: Apply for your loan

After you've made an offer and the sellers accept it, you should apply for the loan. Applying for a loan couldn't be much easier; you can apply online right here on our site. When the time is right, we'll order an appraisal of your new home.

Step Four: Your loan is funded

Your real estate agent and the sellers will work together to designate an escrow/title company to handle the funding of your loan once it has been approved. We'll work with this company to make sure the papers your lender needs are available, and you will probably sign everything at their office. We will work with this company to set your date to close. Because you won't have to worry with this coordination, you can concentrate on moving, paint colors, carpet, and the details involved in getting a new home.

Once you've answered some few questions, given us lots of information, and applied online, you'll be moving in before you know it! We take care of the legwork so you can focus on finding the new home that's right for you.


Award Mortgage Group, a Division of American Pacific Mortgage Corporation NMLS 1850 Licensed in: CA

4581 Orchard Ave
San Diego, CA 92107