Our Mortgage Lending Process in Draper, UT
At Altius Mortgage, we understand that buying a home is one of the most significant financial decisions you’ll make. That’s why we’ve simplified the mortgage process to ensure clarity, efficiency, and peace of mind throughout your home-buying journey. Here’s how we make the process seamless for homebuyers in Draper, Utah.
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A Clear Path to Your Dream Home
From finding the right loan to closing on your home, we are here to guide you through every step of the process. Here’s how it works:
Step 1. Initial Consultation and Pre-Approval
The first step is understanding your goals and financial situation. We’ll:
- Schedule a consultation to discuss your needs and explore the loan types that work best for you.
- Guide you through completing a mortgage application.
- Perform a credit check and review your financial information (income, assets, and liabilities).
- Provide a pre-approval letter so you know how much home you can afford, giving you the confidence to start your property search.
Step 2. Finding Your Home
Now comes the fun part—selecting your dream home! Once you find the property, your real estate agent will help finalize the purchase price and reach an agreement with the seller. At this point, your loan process officially begins, and we’ll guide you every step of the way.
Step 3. Processing and Underwriting
Here’s where your loan takes shape. Our processing team will:
- Collect and verify any remaining documents needed (e.g., pay stubs, tax returns).
- Order the property appraisal to confirm its market value.
- Conduct a title search to ensure there are no ownership or lien issues with the property.
- Submit your loan application for underwriting, where a final review of all documentation will confirm your eligibility.
You’ll receive a conditional approval outlining any additional documents required to finalize your loan.
Step 4. Closing the Deal
Congratulations! You’re almost there.
- We’ll send you a Closing Disclosure at least three business days before the final signing. This document outlines your loan terms, closing costs, and what funds (if any) you’ll need to bring to closing.
- On closing day, you’ll sign the final documents, provide funds for your down payment and closing costs, and take ownership of your new home!
Why Work with Altius Mortgage?
Local Expertise
We know the Draper market like no one else and can provide specialized solutions that fit the unique needs of Utah homebuyers.
Customized Loan Options
Whether you’re a first-time buyer or looking to refinance, we offer a variety of loan programs tailored to your goals.
Dedicated Support
Our Utah mortgage lender team is with you every step of the way, ensuring you’re informed and confident as we guide you through the mortgage process.
Seamless Experience
With online tools and personal support, we make applying for a mortgage efficient and stress-free.
Get Started on Your Home-Buying Journey
At Altius Mortgage, we simplify the path to homeownership. Whether this is your first home or your next investment, our expert Utah mortgage broker team is ready to help you every step of the way.
Have more questions? Contact our Draper, UT team today!