Serving North Carolina
Call: +1 888-290-3641
Email: [email protected]
Loan
Process
Loan Process
Your Step-by-Step Guide to Home Financing Success
At Edge Home Finance, Chad Huffstetler we believe the home loan process should be smooth, transparent, and empowering. Whether you're a first-time homebuyer or refinancing your current mortgage, understanding the steps can help you feel confident and in control. Here's how Chad Huffstetler and our team guide you every step of the way.
Pre-qualification
Know What You Can Afford—Before You Start Shopping
Know What You Can Afford—Before You Start Shopping
Pre-qualification is the starting point of your mortgage journey. During this step, we review your income, debts, credit, and financial goals to estimate how much home you can afford. This insight helps you set realistic expectations and narrow your search to homes within your budget.
If you're considering refinancing, pre-qualification also helps determine if refinancing makes financial sense based on your current loan, rate, and equity.
Application
Kick Off the Loan Process with a Strong Foundation
Once you're ready to purchase or refinance, we begin the official application. We'll match you with the right loan program—whether it's FHA, VA, conventional, or another option—and gather all the necessary documentation for underwriting. You'll receive key disclosures like the Loan Estimate (LE) and Truth-in-Lending Statement (TIL) within three business days.
Processing Your Estimated Loan
Behind-the-Scenes Accuracy for Faster Approval
Know What You Can Afford—Before You Start Shopping
Our processing team verifies your financial documents, employment history, credit report, and more. If any issues arise—such as late payments or credit errors—we’ll help you address them quickly. We’ll also coordinate third-party services like home appraisals and title searches.
The goal during this stage is to build a complete, accurate loan file for underwriting and minimize delays.
Underwriting
Loan File Review and Conditional Approval
The underwriter evaluates your full loan file to ensure it meets all lender guidelines. If additional documents are required, your file may be placed in a brief “suspense” period. Don’t worry—this is common.
Once approved, you'll receive a conditional approval, which outlines final items needed before closing. At this stage, we also order title insurance and confirm all property-related documentation is complete.
Closing
The Final Step—Sign, Fund, and Move In
After final approval, it’s time to close. You’ll sign documents, finalize your interest rate, and fund the loan. Depending on your state, this may happen at a title company, an attorney’s office, or even in your home.
Once complete, the funds are disbursed and the property officially becomes yours. Welcome home!
Don't Miss out on your Dream Home - Get Started Today!
Get Your Free Personalized Rate Quote & Pre-Qualification Letter!
The market rewards action-takers — not fence-sitters.
Secure your free customized rate quote and pre-qual letter today and position yourself as a serious buyer before someone else grabs your deal.
Let us simplify the process. Schedule a free mortgage consultation today with Chad Huffstetler Edge Home Finance to explore your options and get personalized guidance from a mortgage expert who listens, explains, and delivers results.
Address
Edge Home Finance
5868 Baker Road
Minnetonka, MN 55345
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