Once you have talked with a loan officer about the type of loan for which you want to apply, it’s time to start the home loan process. The mortgage lender will ask a series of questions and gather all of your personal information to determine for how much you can qualify.
At this point, you are under contract on the home you want to purchase and it’s time to start processing the loan. You will sign a purchase agreement between you and the seller on the terms and conditions of purchasing the home. After that, you will deliver an earnest money check to the title company.