SEEKING PRE-APPROVAL?HOMEWAY MORTGAGE IS LOCALLY OWNED AND OPERATED AND WORKING HARD TO SAVE YOU MONEY.

www.HomeWayMortgage.com(281)565-8500414 W. Grand Pkwy S. Ste 116 Katy, TX 77494NMLS # 214884

• Incur any additional debts while your application is in process (ie – auto, credit card, furniture, etc.)

• Change employers or industry in which you work without consulting your Loan Officer.

• Co-sign on a loan/line of credit/account for anyone while your loan is in process.

• Pack, ship or discard any information that may be required at a later date such as W-2’s, tax returns, bank statements, divorce decree, DD 214, etc.

• Allow any unnecessary credit inquiries.

DO’S VS. DON’T • Contact your Loan Officer prior

to any changes in your income or employment (i.e. – going from salary to commission pay, W-2 to 1099, or wage earner to self-employed).

• Provide all requested documents promptly.

• Keep documentation on any deposits made into your accounts other than regular payroll deposits.

• Keep copies of earnest money deposits and pre-paid upgrade deposits along with the bank statements to verify the checks have cleared your account.

HOMEWAY MORTGAGE,is a full-service mortgage company devoted to providing

clients with fast, personal service and great rates. As a direct lender, we provide our clients with quality

service, low rates, down-payment assistance, experienced loan officers and unique loan

products in addition to the standard purchase and refinance of conventional, FHA, VA, and

100% USDA loans.

Our dedicated team will walk you through the various loan programs we offer to

figure out a solution that matches your current financial needs with your

long-term goals. With fast closings and competitive rates, we’re

a business that’s perfect for people who want a no-hassle

home buying process.

LOAN PROCESS:

3. Rate Lock• Sign the Rate Lock Agreement

which guarantees you a rate for a certain time period

6. Funding• Signed documents are emailed to the

attorney for review and approval

• Attorney gives the title company permission to fund the loan

• Funds are wired to the Seller

• Get your keys…the home is now yours!

1. Pre-Approval• Make contact with loan officer to

complete an application

• Provide loan officer with Items Needed for Pre-Approval

• Once the loan officer provides you with a Pre-Approval Letter, find the house that is right for you

2. Conditional Approval• Email your loan officer the signed

purchase contract and copy of earnest money check

• File is submitted to underwriter

• Appraisal is ordered

• Loan Processor will contact you to collect any additional items needed

4. Final Approval• Appraisal and Conditions are

approved by the underwriter, file is then considered “Clear to Close”

• Attorney reviews the loan and prepares the closing documents

5. Closing• Title Company prepares closing

statement

• Closing statement is approved by attorney

• Documents are signed at closing

ITEMS NEEDED FOR PRE-APPROVALPROVIDE YOUR LOAN OFFICER WITH:• Most recent paystub • Current Bank Statement (all pages)• Last two years W-2s• Most recent Tax Return (all pages) (2 years if self-employed or own investment property)• Two forms of ID - driver’s license or State issued ID - social security card