IFG have been able to streamline the mortgage procedure in 2020 to assist customers needing to complete their purchases or remortgages in 30 to 45 days.
USA Mortgages step by step process….
- Initial application & loan processing, collecting and packaging of all documentation to support your application. Once this is completed & you have provided your executed purchase contract,
- We order title commitment, we may order an international credit report (usually 10-15 days to get back).
- Agreements & disclosures will be sent out to be signed by borrower(s).
- Once signed and returned an appraisal / valuation will be ordered for subject property.
- Appraisal process takes 7-10 business days.
- Updating loan package, at this time we may ask for additional documents if needed.
- Final underwriting for mortgage approval prior to funding.
- Once you have approval you will need to obtain insurance on the property being purchased.
- Package goes to Title Company (Solicitors) at this time they will call to go over closing details and schedule closing / completion.
- Documents are signed and returned to the solicitors, and then loan is funded.