Lacy Foltz.MORTGAGE LENDER · NMLS #797560Let's connect
Home FROM THE FIRST HELLO TO THE FRONT DOOR

Every step. Someone by your side.

Two journeys, working together: finding the right home and securing the right financing. Here's how the pieces fit.

Your mortgage journey Your home search Pre-approval explained
WITH YOUR LENDER

The mortgage process.

  1. 01

    Initial Consultation

    • Discuss your initial questions as we get started
    • What is your desired monthly payment range?
    • What cash out of pocket to be prepared for
    • What timeline are you looking to buy within?
  2. 02

    Pre-Approval

    • Complete the online application
    • Submit all required documents
    • Discuss maximum pre-approval amount, estimated payment range & cash out of pocket estimates
    • Lacy sends you & your realtor a pre-approval letter
  3. 03

    Go Under Contract on a Home

    • Your loan is sent to processing for review
    • Order appraisal (once inspections are complete)
    • Submit any additional documentation needed for underwriting
  4. 04

    Underwriting

    • Underwriting reviews your file to ensure all guidelines are met for the specific loan program and issues a loan decision
    • Once your mortgage has been approved & all conditions have been met, your loan will receive a “clear to close”
  5. 05

    Pre-Closing

    • Closers balance final numbers with the title company & closing documents are prepared
    • Lacy’s team provides final numbers & details to you
    • Send funds to title company via Cashier’s Check or Wire Transfer
  6. 06

    Closing

    • Review closing disclosure
    • Sign the closing documents
    • Receive your keys
    • Celebrate!! You just bought a house!
SIMILAR WORDS. AN IMPORTANT DIFFERENCE.

Pre-qualified vs. pre-approved.

THE EARLY ESTIMATE

Pre-qualified

A pre-qualification is based off of stated information on a mortgage application without providing the supporting documentation up front. A lender will check your credit and provide a general amount you can hypothetically qualify for, based upon your stated employment, income and assets. Pre-qualifications are less desirable to sellers because it presents more risk of that buyer’s financing encountering complications once under contract.

THE STRONGER START

Pre-approved

A pre-approval is when your lender gathers all necessary documentation such as W-2's or tax returns, paystubs and bank statements to confirm the income and assets used on the application are eligible sources to qualify for the mortgage program. A pre-approval is considered much stronger than a pre-qualification by a seller because it’s less likely your financing will encounter complications.

A pre-approval is not a final loan approval or guarantee of financing. Underwriting and property conditions still apply.

Getting close to closing?

Your final-day checklist is waiting for you.

Closing-day essentials
YOU DON'T HAVE TO FIGURE IT OUT ALONE

Let's talk about your next chapter.

A question, a plan, or a place you've fallen in love with. I'm here for it.

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