Getting started with your new home loan JESSE REGAN - preferred lending Solutions

Congratulations on your new home purchase! I am here to guide you step-by-step through the loan process.

How to apply

Online Application
Text Application

Text DONE DEAL to 21777

Call or email me

(337) 258-9992 jregan@donedealnow.com

Pre-approval

Your pre-approval begins the moment I receive your application. You and I will work together to ensure accuracy. Here is what we will review:

Credit report
Employment and Income
Assets
Liabilities
Loan program
Loan amount
Interest rate
Monthly payment

Your pre-approval gives you peace of mind and the green light to move forward with your home search.

Congratulations! Enjoy your house hunting. In the meantime, you can begin collecting the following documents:

Documents needed for your loan

Check list

• Current pay stubs, dated within 30 days of loan submission

• All W-2 forms for the past 2 years

• Last 2 years tax returns for personal and businesses (all pages / schedules)

• Most current 2 months bank statements (all pages)

• Most current statement for all investment or retirement accounts (all pages)

• Picture ID

• Social security card or a second form of ID

• All pages of bankruptcy and copy of discharge (if applicable)

• All pages of divorce decree/separation and or child support agreement (if applicable)

• DD214 (VA loans only)

• Itemization of construction costs, copy of floor plans & cash sale for lot (construction loans only)

Upload your documents easily and securely
When you are ready to make an offer on your new home, it's best to keep a few things in mind. By doing so, your loan will run smoothly.

The loan process

Loan Estimate

The Loan Estimate is generated when you are ready to make an offer. Upon reciept of your accepted offer, a loan package is generated for your signature.

Processing

Our processor verifies your dates of employment (current and previous), rental history (if applicable), orders a flood certificate, orders tax transcripts, opens title work and orders appraisal (if applicable). After all of these items have been completed, your loan will be sent to the underwriter for initial loan approval.

Submitted to Underwriting

The loan package is sent to the investor and an underwriter will be assigned for review. This process takes a few days. As soon as we have initial loan decision, you will be notified. We will work together to ensure that the underwriter's conditions have been met.

Clear to Close and Closing process

The Underwriter will deem all conditions as "acceptable", and issue a final loan approval (or clear to close). A Closing Disclosure is generated and sent to you for acknowledgment and a closing date and time will be scheduled with the closing attorney. Closing is the final step in the mortgage process and is when all of the funds are distributed to the receiving parties, and all of the paperwork is finalized and signed. The closing attorney will contact you to schedule a date, time and inform you of any funds needed at closing (if applicable).

Questions will arise, and I am here to help. Here are a few frequently asked questions:

What you should know

Do
  • Continue to make timely payments
  • Consult with me before applying for new credit
  • Contact me if you have any changes in employment, income, finances, etc.
Don't
  • Incur NSFs
  • Deposit money into your account that cannot be verified (ex: large cash amount, a check from another person who is not gifting you funds)

I look forward to helping you with your home purchase!

Jesse Regan

C 337-258-9992 jregan@donedealnow.com

Mortgage Banker NMLS 115717
104 Albertsons Pkwy, Ste 1 Broussard LA 70518 NMLS 1018326
Created By
Donna Viator
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