First Equity Mortgage

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Loan Process

The mortgage loan process doesn’t have to be difficult. Once you have made the decision to pursue applying for a mortgage loan with First Equity Mortgage, your Mortgage Loan Originator will work with you to obtain the necessary documentation required for a loan decision to be made.

A pre-purchase home inspection, performed by a professional, is a visual examination of the readily-accessible areas of a home to provide an accurate evaluation of the home’s condition at the inspection. This evaluation is presented to the buyer in a comprehensive report so buyers are fully informed of the home’s condition during the mortgage loan process and prior to purchase. While a home inspection is not required, it is highly recommended.

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Below is a summary of the mortgage loan process so that you will have a better understanding of what you can expect:



  • Contact loan originator for financing information
  • Gather information needed for your application
  • Begin the search for your new home


Mortgage Loan Originator

  • Assists you in completing the loan application
  • Discusses qualifying, monthly payments and cash needed for closing
  • Explains various loan programs available and quotes interest rates
  • Communicates documentation requirements
  • Answers any questions you may have throughout the process



  • Works directly with loan originator to approve your loan
  • May require additional documentation needed for approval
  • Renders final decision on your loan



  • Assembles package for your closing day
  • Sends package to the title company


Title Company

  • Prepares Settlement Statement and emails to the loan originator for review
  • Loan originator contacts you to review the settlement figures and cash for closing prior to closing



  • Generally takes place at title company’s office
  • Bring a certified check to closing and any other documentation required by lender or title company

CONGRATULATIONS on your purchase or refinance!