Noelle Thomas, Mortgage Banker


See If I'm Qualified

Gina DeCicco, Senior Loan Officer


See If I'm Qualified



1) Find a Good Realtor – Whether you are interested in a new home build or an existing home, it is important that you are represented by a seasoned real estate professional. A good real estate agent not only takes your needs and wants seriously. They also know the current market, understand how to save you money and get you the best price, and advise you through the entire sales process. Some may think that using an agent is more expensive. The reality is that despite commissions, a good real estate agent will save you money through the process and fight for best rates at every turn.
2) Get Pre-qualified – Work with a qualified mortgage bank or broker to determine how much home you can purchase, what your monthly payment will be, and how much money you will need for the entire transaction.
3) Find a Home – Make sure you hire a good Real Estate Agent. On that understands your needs and wants, has a proven track record, and is familiar with the neighborhoods and market you wish to buy in. They will help you find the perfect home.
4) Make an Offer – You and your Real Estate Agent will put together the terms and conditions of your offer. Together you will negotiate with the sellers to reach acceptable terms including price, earnest money, closing date, seller paid costs, etc.
5) Offer Accepted – Once the seller accepts the terms of your offer, you are now officially under contract. You will typically write 2 checks at this point.

  • Earnest Money Deposit

  • Option Fee

6) Initial Loan Setup – Your mortgage banker/broker will set up the loan and review the terms/
7) Appraisal Order – Your mortgage banker/broker will order the appraisal which usually takes 7 business days (VA loans usually take 14 days)
8) Underwriting Review – Underwriter reviews the loan and issues the initial approval.
9) Start Packing – Time to get the family packed up and ready to move. Don’t forget to ask your agent at The Agency for your free moving package including boxes, tape, wrapping paper, and any other packing needs you have.
10) Underwriter Issues Final Loan Approval - You are now officially approved. Buy that house!
11) Closing Day – The closing will take place at your closing reps office. Typically, the sellers are there along with their agent. There will be a lot of paperwork to sign but the reward is keys to your new home! And a little something special from The Agency to welcome you to our family of happy clients.


Here is a brief overview of what you can expect to experience throughout the loan process, from the lending perspect ive!

1. Loan Disclosures and Loan Estimate
Now that you have a contract, a detailed loan disclosure package will be securely emailed to you for review. This loan disclosure package will break out all the fine-print details of the mortgage you selected. It will show if you have a fixed rate or adjustable rate mortgage and will state there is no
Pre-payment penalty. It also breaks down all of the costs and down payment associated with your mortgage program. Once you have reviewed, signed dated, and returned your loan disclosures, your file will go into processing.
2. What is processing
Processing is the step before your file is underwritten. Your assigned processor will go over your entire file and prepare it for underwriting. They will prepare every aspect of your file, from verifying employment to working with the title company and prepare you for closing. They will follow up on any additional documents still pending on the file. All of our loan processing is done here at our office.
3. How long is processing?
Processors order many different documents from multiple th ird -par ty ent ities. These can include tax transcripts from the IRS, title work, homeowners insurance, verifications of employment, verifications of rent and other credit items. Most files will remain in the "processing stage" for a week while waiting on these third-party it ems. Once your file is fully processed it is ready for underwriting.
4. What is underwriting?
Underwriting is the process where our in-house mortgage underwriters review your income, assets, credit documents, title work, appraisal, and other items to issue an underwriting conditional loan approval. Our team is dedicated to review all of your personal information during the qualification stage so that underwriting will be a smooth process for you.
5. How long will underwriting take?
Underwriting is usually 2 days or less. Upon completion, underwriters typically request additional items called "conditions". As a result of the underwriting review, most files have additional items that need to be collected. Your loan processor will contact you and go over any items that the underwriter requests. If and when the processor requests additional documents from you. Try to return your conditions as soon as possible.
6. "Clear to close·
Upon receipt of all items needed to clear the remaining loan conditions, the fi le is returned to underwriting. Once underwriting clears all of the conditions on your loan, a clear to close is issued.
This means the loan is fully approved and ready for closing.
At that time, we will send your closing documents over to your Title Company. This usually happens a few days before we close.
7. Closing Documents
Once your file is clear to close, our in-house attorney will get the Title Company to generate your formal closing documents. These will include final versions of the upfront loan disclosures and additional documents relating to the mortgage and property. Both you, the buyer, and the seller will have documents which must be signed.
8. Closing Disclosure
This disclosure gives all the final details of the loan including cash to close and monthly payment. This document will be sent at least three days prior to your loan closing via email. It is typically requested that you bring a cashier's check made to the title company or a wire for the total amount needed to close.
9. Closing
Your realtor will work with you and the Title Company to set a date and confirm location. Closing can typically take anywhere from 45 minutes to two hours and involve signing all closing documents. Please see "What to Expect on Closing Day".
10. Funding
Once the Title Company has received signed documents from both the buyer and seller these are sent to our attorneys for review. Once the last person signs, funding occurs generally within an hour.
You are now officially a homeowner!



  • 96.5% financing

  • Minimum Credit Score 600

  • Maximum Seller Contribution is 6% of Sales Price

  • 25-30 day standard loan processing turnaround 21 days or less if borrower is pre-qualified


  • 95% Financing

  • 90%-75% financing allows up to a 6% seller contribution

  • Less than 75% financing allows up to a 9% seller contribution

  • Investor Purchase = Limited to 2% Seller Contribution

  • Minimum Credit Score: 620

  • 25 – 30 day standard loan processing turn times, 21 days or less if borrower is already pre-qualified


  • 100% Financing

  • Subject to Income and Property Requirements

  • USDA

  • Longer processing and underwriting turn times: 35-45 days

  • USDA Status Hotline Number: 254-742-9781


  • 100% Financing

  • Seller must pay $1800 in closing costs for fees that the veteran is not allowed to pay. Seller may pay an additional 4% in seller contributions over and above the $1800

  • Minimum credit score 620

  • Requires Termite Inspection

  • VA Funding Fee is financed into the loan (unless disabled)


Principal and Interest - The monthly mortgage payment which includes the interest accrued during the prior month plus the scheduled principal.

  • Generally, mortgage interest paid is a federal income t ax deduct ion. (Check with a CPA). A savings at tax time!

Property Taxes - Are specific to the subject proper t y. We have estimated property taxes based on your target purchase location. Once you have a specific home we can update the numbers to the exact property taxes.

  • Tax rates vary depending on the city, county, and school district.

  • Generally, property taxes are a federal income tax deduction. (Check with a CPA). A savings at tax time!

Homeowners Insurance - Also referred to as Hazard Insurance. This insurance protects you. The property owner, against damage to your home.

  • The final cost of the insurance policy is determined by the insurance company selected. Some factors that affect the costs are age of the home, claims history (on the subject home and on the applicant), age of the roof, property location, and the applicant's credit history.

Mortgage Insurance (M .I.) - M.1. or PMI is an insurance policy to protect the lender in the event that a borrower does not make their loan payments and defaults on the loan.

  • The cost of Mortgage Insurance decreases as your down payment increases. If you put down 20% of the purchase price (or more), you don't have to pay mortgage insurance.

  • Opt ions include monthly insurance , one time paid at closing , or selecting a slightly higher interest rate in return for no monthly Ml, among others.

  • FHA loans require M.I. regardless of down payment in most cases; VA loans do not

  • ever require M.I.

Home Owners Association Dues (HOA Dues) - A charge from the community the home is located in. These funds are used for everything from maintenance of the community common areas to managing the neighborhood.

  • These fees are paid separate from your mortgage but must be included in your debt to income ratio for qualification.


Lets Keep In Touch