Ogden Mortgage Loans offers purchase mortgage loans to Utah home buyers buying houses using Convnetional, FHA, VA, USDA, Reverse Mortgage Loans or Non-QM Mortgage Loans.
About Purchase Mortgage Loans
The Loan Process
The Purchase process can be a very simple and quick. In getting started you want to remember one thing: documentation. Having all the documentation that you need can help speed things up in as little as 1-2 weeks.
The following is a list of the basic documents you will need when completing a Purchase program:
- ID – Driver’s license or government issued photo I.D.
- W2’s – past 2 years
- complete tax returns (All schedules – if self-employed)
- Pay stubs (30 days most recent) – showing your current year-to-date gross income.
- Awards letters showing any disability, pension, or Social Security monies you are receiving
- If a VA Loan- DD-214 or Statement of Service
Finding a home for purchase.
We will provide you with a pre-approval letter that will help with the purchase. We will need your loan application completed, verify your credit and the documents to verify income and other information in order to issue a pre-approval letter.
Provide us with the completed loan application.
Submitting your Loan to Underwriting
After we compile your information, we will submit your loan package to underwriting for review and final approval. The underwriter(s) will verify credit documents, income documentation, the appraisal report and other items in reviewing the loan file.
Final approval and Closing
Once the loan has a clear to close, we will notify you and you will receive a closing disclosure (CD) document to sign electronically a minimum of 3 days prior to closing. Once it is signed we can set up a closing time for closing at the title company (or an attorneys office in some states) and once the paperwork is signed, funded and recorded then you will be the proud owner of your new home.