Frequently Asked Question
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Getting a mortgage can be a stressful process, especially if you’re a first-time home buyer. That’s why at Churchill Mortgage we emphasize communication. It is our mission to help you save time and money, and avoid the common pitfalls that many first-time home buyers experience when they don’t get expert advice in advance.
Here’s an easy-to-understand view of the home loan process.
Loan origination is the process of applying for a home loan. Once you get your loan estimate (which tells you the important details about the loan you’ve requested) you’ll decide whether you want to move forward with processing or not.
Once the processor has put together your file with all of the documentation, it is then sent over to underwriting for final approval.
Once your loan is approved, your file is transferred to the closing department where your closing disclosures will be process, your closing day will be scheduled, and your loan is funded.
At the closing of your home you should:
If you have questions about the process of purchasing a home, let us know. We’re here to help! Or if you’d like to apply online and quickly start the process, we’ll have a Home Loan Specialist get back to you about your application status right away.
*The Churchill Certified Home Buyer program is not a commitment to lend funds and is not an approval but is a conditional approval subject to your acceptance of the terms and the conditions being fully satisfied prior to closing. All conditions are subject to final underwriting and final investor approval. The certification is subject to the financial status and credit report(s) of everyone on the application remaining substantially the same until closing, an acceptable contract of sale on a suitable property, collateral (the appraisal, title, survey, condition, and insurance) satisfies the requirements of the lender and loan selected is still available in the market. All closing conditions of the lender must be satisfied including the clear transfer of the title, acceptable and adequate title and hazard insurance, flood certification, and any inspections that are required by the real estate contract.
I/we also authorize Churchill Mortgage Corporation, The Churchill Agency and/or their Preferred Provider for our area to contact us regarding but not limited to mortgage and insurance services and products via telephone, mobile phone (including through automated dialing), and/or email, even if telephone numbers or email I/we provide are on any Do Not Call/Contact Registry, such as corporate, state, or the National Do Not Call Registry. The submission of this form does not constitute in any way a formal loan application or a commitment for a loan. By communicating with us by phone, you consent to calls being recorded and monitored. By participating, you consent to receive text messages sent by an automatic telephone dialing system. Consent to these terms is not a condition of purchase.
Use this calculator to estimate an affordable monthly payment based on your monthly after-tax income.Go to Affordability Calculator
Whether you’re a first-time home buyer or a seasoned homeowner, this step-by-step guide contains everything you need to get a loan you love and a home that fits your budget.Get Your Free Guide