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!

By providing my phone number to “First Equity”, I agree and acknowledge that “First Equity” may send text messages to my wireless phone number for any purpose. Message and data rates may apply. Message frequency will vary, and you will be able to Opt-out by replying “STOP”. For more information on how your data will be handled please see our privacy policy below:
Privacy Policy:
No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.