Loan Process

An Overview of the Loan Process

There are four main steps involved in getting a loan. You’ll see that we’ve made your part in them as easy as possible, and we do all the work! That’s what we’re here for.

Step One: Determine How Much You Can Borrow

How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you? Utilize our mortgage calculator to get a rough estimate on an affordable monthly payment and let PFMD do the rest.

Step Two: Pre-qualify for Your Loan

Supply PFMD with detailed information about your employment, your assets, your residence history, and give us permission to run your credit so that we can prepare a pre-qualification letter. Handle it with care — to a home seller, it’s like a suitcase full of cash! Your realty agent will use this letter to make the best offer on the home you choose, and the seller knows you’re pre-qualified. It gives you buying clout! And while you’re picking out the home that’s right for you, we’re busy finding the loan that’s right for you.

Step Three: Apply now! We Make it Easy

Once you’ve made an offer and it’s been accepted, it’s time to complete the loan application. It couldn’t be easier, and you can do it online, right here at our website.

Step four: Your Loan is Funded

You’ve answered a few questions, given us some detailed information, applied online, and next thing you know, you’re moving in! We’re in the business of mortgage loans, you’re not — so we do most of the work. Doesn’t that make sense?