Provide financial information including income and debts so Envoy Mortgage can determine how much of a home you could afford. Envoy Mortgage will then issue a letter stating how much you Pre-Approved for.
Select a Loan Program
There are a number of loan programs available and trying to understand which program is best for you can be very complicated and confusing. Envoy Mortgage has experienced and knowledgeable Loan Officers that will help you understand the different loan programs that are available to you.
Our Loan Officers are here to help you. (See mortgage programs for a description of the different type of programs available.)
Complete the Loan Application
The Envoy Mortgage approval process begins with you completing and submitting an application through your Loan Officer who will assist you in completing the application. At this time, you will be asked for a number of supporting documents. Once your Loan Officer has received your application and the supporting documentation, the file is given to our processing department.
The following will be required on most loans:
- Name and address of employers for previous two years.
- last pay stubs covering 30 days of income.
- W2 forms from all employers covering the last two years.
- Federal Tax Returns covering the last two years.
- Bank statements covering the last two months.
- Quarterly statements (mutual funds, 401K, IRA, etc…)
Processing of the Loan Application
The Envoy Mortgage processing department verifies the accuracy of the information contained in your application. In addition, the processor will review your credit report; order an appraisal, title commitment, and other third-party information. If there are problems or questions with the information provided, our processors will work with you to get the correct information.
Once processed, one of our underwriters will examine the file to certify that it conforms to industry standards and that the appraisal, survey, title commitment and other documentation are acceptable.
Throughout the entire process, Envoy Mortgage will do everything we can to approve your loan application. When your loan application is approved, the information will move to the closing process.