At this stage, the Loan Officer will collect the client’s info to determine what they qualify for and the best way to structure their loan!
The Loan Officer will gather the required documents, lock the loan, and submit the application to an underwriter for review.
The underwriter will issue an approval, pending conditions. The conditions are
required to finalize the loan approval.
The processor will help collect any required conditions. An appraisal will also be ordered to verify the value of the home.
Once all conditions have been reviewed, the loan will be cleared to close. It is then time to review and sign the closing package
Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. Sabal Mortgage, LLC supports Equal Housing Opportunity | NMLS# 2598466, FL# MBR7839, GA # 2598466, MI # FL0026694, MI # SR0026695, NC# B-222373, SC# 2598466, VA #MC-7933 and NMLS #2663862, NC# B-222373-102, SC# 2663862, VA# MC-7933 and NMLS # 2688315, NC# B-222373-103 and NMLS # 2698595, VA# MC-7933 and NMLS # 2714342, SC # 2714342, FL # MBRB1747, VA # MC-7933, NC # B-222373-104 | (www.nmlsconsumeraccess.org) | 980-325-3292 or 757-404-7756 or 919-500-0907 or 804-986-9510 or 906-360-4411 | 2865 Westport Road, Charlotte, NC 28208 and 575 Lynnhaven Pkwy, Ste 100, Virginia Beach, VA 23452 and 7101 Creedmoor Rd, Ste 115, Raleigh, NC 27613 and 10800 Midlothian Turnpike Ste 141, Richmond, VA 23235 and 4851 Tamiami Trail North, Suite 200, Naples, FL 34103
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