Now the mortgage process begins. Visit www.dhimortgage.com to apply online. Your DHI Mortgage Loan Originator will help you find the best loan product for your financial situation and explain the details. Then you will supply documentation to your lender relating to your income, debts, and assets.

This is the discovery and verification stage, where the majority of the application time is spent. A loan processor will be assigned to your loan and will work with your Mortgage Loan Originator to verify the documentation that you submitted with your application, as well as your credit and employment history. The loan processor works closely with your Mortgage Loan Originator to prepare your file for underwriting. The underwriter may require additional documentation during this time. The more promptly you reply, the more quickly your application can proceed. If you qualify, you’ll receive conditional approval from an underwriter, with requests for additional documents needed for final approval.

Before final approval, most loans are resubmitted to underwriting. Resubmission should be expected as a normal part of the process. When all conditions are met, the underwriter will issue a final approval. You are now ready to close on your new home!

You will meet with your title agent/attorney to sign loan documents. Your Mortgage Loan Originator or Loan Processor will provide you with the amount needed for closing costs so that you can wire funds or get a cashier’s check made out to the title company or attorney’s office. Once the loan is funded, you will receive the keys to your new home.