We make it easy to get the financing you need.
Purchasing a home is one of the largest financial decisions you’ll make, and our Mortgage Loan Officers are here to help you along every step of the way. Below is a high-level overview of the process:
Step 1: Get Pre-Approved
- Submit your home loan application online or in a branch.
- Rivermark may request supporting documentation, like pay stubs.
- Your Mortgage Loan Officer will contact you with the amount for which you’ve been pre-approved.
Step 2: Shop for Your Home
- You can shop with confidence knowing you’ve been pre-approved for a price range that is right for you.
- When you find the right home and have negotiated the sales price, you send the signed agreement to your Mortgage Loan Officer to start the process.
- You can lock in your interest rate now that you know the loan amount, term and date of closing.
- The loan documentation and authorizations are completed, and your Mortgage Loan Officer will order the appraisal.
- Appraisals may take 2-3 weeks to be completed. While you wait, your loan application is submitted to underwriting.
Step 3: Final Approval and Closing
- Once the appraisal is completed, your loan is ready for final approval by Rivermark.
- A copy of the appraisal will be sent to you via email or mail.
- Rivermark will send out the final Closing Disclosure for you to review.
- The closing documents are then sent to the Escrow officer to arrange the appointment.
- On the date of your signing you will sign all of the documents at the title company and deliver the final amount due for closing.
- Normally within 24 hours (next day) the loan is funded by Rivermark, the deed is recorded and you are now the owner of a new home and the keys are yours.
Click here for a printable checklist.
