About the Loan Process

There can be no doubt ; getting a mortgage loan is a complicated process. You wouldn't be visiting our website if it were possible to complete a simple loan application and receive an excellent loan funded in one day. We do most of the heavy lifting for you, so you can concentrate on what's important — preparing to move into your new home or saving money.

There are four important steps involved in obtaining a mortgage loan.

Step one: determine how much you can borrow

This is a function of a couple things. How much of a monthly payment can you afford? What is the maximum you can borrow from a lender, given your income and credit history? You can get a good idea of your preferred payment abount using the calculators on our website. We'll also help you through different scenarios by asking a few simple questions. Because lender guidelines are fairly standard, we can give you a good idea of how much you can borrow after a short conversation.

Step two: complete a pre-qualification

This is where the process really begins and Riviera Funding NMLS#861382 CA DRE Broker #01186669 can really save you money. You will give us info about your employment, assets, and residence history. You'll give us information on your employment, asset, and residence history. We get your permission to run your credit score and report. After we've reviewed the provided information, we'll give you a pre-qualificaiton letter. Handle it with care — it is a useful tool for buying your new home! Your agent will use your pre-qual (as they may call it) to make the best offer on the home you choose. While you're shopping for the home that's right for you, we're busy researching the loan that's just right for your unique situation.

Step three: apply now! We make it easy

Once you have signed an offer and the sellers accept it, it's time to apply for the loan. Applying for your loan couldn't get much easier; you can apply right here on our site. At the end of this step, we will order an appraisal of your new home.

Step four: funding

The agents will find an escrow/title company to handle the "funding" of the loan and closing of the sale. We'll work with this company to ensure all the papers your lender will require are avaiailable, and you'll probably}likely sign everything at their officeWe coordinate with this company to set your date of closing. Since you won't need to worry with this coordination, you get to think about moving, painting, new carpet, and all the details of getting a new home.

You've answered a few questions, provided lots of information, applied , and Before you know it, you'll be moving in! We take care of the legwork so you can spend your time finding the new home that's right for you.

Have questions about the loan process? Call Riviera Funding NMLS#861382 CA DRE Broker #01186669 at 3103737406. Riviera Funding NMLS#861382 CA DRE Broker #01186669 answers loan process questions every day.