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Buyer gets Pre-Qualified or Pre-Approved.
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Buyer puts home/propety under contract.
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Loan application is completed and submitted to lender.
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Lender orders the appraisal, credit report, verification of your employment and assets.
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Lender provides a good faith estimate of closing and related costs, plus initial Truth in Lending disclosures.
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Lender evaluates application and support documents, approves loan and issues letter of commitment.
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Closing is held, loan documents are signed and the loan is funded.
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Lender disburses funds to the settlement or closing agent, seller is paid and title to the home is yours.
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Required documents are recorded at the County office of records.