Our Process

Learn more about how Right By You Mortgage streamlines your path to homeownership while delivering efficiency, transparency, and success.

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Our Home Loan Process

At Right By You Mortgage, our entire team has the same focus: making it easy for you to get to closing. We’ll help you move from pre-approval to holding the keys to your new home in six easy steps.

1
Get Pre-Approved
2
Find Your Home
3
Start Loan Application
4
Processing Begins
5
You're Approved
6
Closing Is Here!
1

Get Pre-Approved

Share information with your loan officer on your income, assets, debts, and credit history. Your loan officer then will be able to educate you about how much house you can afford, review preliminary loan programs, closing costs, and payment options with you, and provide a letter to give your future seller confidence in your offer.

2

Find Your Home

For the most up-to-date listings and accurate prices, find a qualified Realtor ® who can help you negotiate everything that should be included in your purchase agreement.

3

Start Loan Application

Your loan officer will gather all of your documents needed for loan underwriting. You’ll then sign your Application, Loan Estimate, all applicable State and Federal Disclosures, and lock in your interest rate. Lastly, we’ll help you review your Loan Estimate and Disclosures carefully, and if you have any questions, we’re here to help!

4

Processing Begins

The Right By You Mortgage team will start working to verify the documentation you provided, order your appraisal, insurance and title work, and recalculate your income and debt to confirm your eligibility.

5

You’re Approved!

Congratulations! Your loan has been fully approved, and you can proceed to close on your new home! Your Closing Disclosure, which confirms your closing cost, payments, and cash needed for closing, should be issued at least three days before your closing. Review it carefully and ask our team if you have any questions.

6

Closing Is Here!

Sign your final Closing Disclosure, Note, Mortgage/Deed of Trust, and all applicable State and Federal Disclosures. Once that’s complete, your loan officer will fund your loan, and the attorney will help disburse that money to the seller and their bank as needed. Next, you get to pick up your keys and start moving into your new home!

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Sign Up for Our On-Time Closing Guarantee!

With our Right By You Guarantee, you will have peace of mind knowing your loan will close on time so you can move into your home as scheduled! If you don’t close on time, we pay the buyer and the seller $500.

Required Documentation

You will need to gather information about your income, assets, liabilities, and property details. Your lender may request specific information based on your personal situation and type of loan, but, in general, you should at least gather the items below:

  • One month of pay stubs
  • Two years of W-2s and tax returns
  • Two months of bank statements on all accounts
  • Sales contract and copies of the due diligence and/or deposit checks for the home you’re purchasing
  • Contact information for your landlord, HR department, and any debts that you may be paying off
  • Any applicable additional documents, such as:
    • Divorce Decree/Separation Agreement
    • Bankruptcy paperwork
    • Letters of explanation on any derogatory debts
    • Gift letter
    • P&L statements for self-employed borrowers

FAQs

When do I need to obtain a homeowners insurance policy?

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Proof of homeowners insurance will be required before you can close your loan. Typically, you will need to present an insurance binder and pay for one year’s worth of insurance coverage.

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Ready to Take the Next Step?