Overview

Whether it’s your first home purchase or you’re an experienced home buyer, The Mortgage Lady has the experience to get you a low rate home loan.

  • The Mortgage Lady Makes Buying a Home Easy
  • Free Pre-Qualification
  • We Walk You Through The Loan Process
  • Rates Near All Time Lows!

Step 1 – Apply

The first step in obtaining home loan financing is to fill out the loan application (also called a “Fannie Mae 1003″, or “Uniform Residential Loan Application”). Any of our experienced loan officers will be available to assist you in filling out the loan application and answering any questions you have along the way. We will make an appointment to meet with you in person or over the phone to obtain any necessary personal and financial information needed to initiate the loan process.

During this step, we will also discuss different loan programs available to you that will meet your needs, the interest rates available, and the financial and property qualifications for the loan program you’ve chosen.

Step 2 – Information Verification

Once you have chosen a loan program and interest rate, the application has been filled out and you have provided us with the necessary information, we will send out forms to verify your employment history and bank account information, obtain your credit report, order your preliminary title report from the title company and order your appraisal. Once this information is returned to us, we will compile your loan documents and submit them to the underwriter for final approval.

Step 3 – Approval

Your loan may be approved as submitted, approved with conditions, or a counter offer may be made for your consideration. If there are conditions on the loan in order for it to be approved as submitted, we will work with you to satisfy these conditions. Conditions might include an explanation letter of some sort, copies of investment documents, copies of divorce papers, or any number of items that may help clarify your qualifications for the loan.

Step 4 – Documents to Escrow

After the loan conditions are met (if any) and the loan is approved, the necessary documents are prepared for closing. The lender will draw up the necessary documents along with any (prior-to-funding) conditions that have yet to be met. Your escrow officer or attorney will arrange for an appointment with you when the loan papers are ready to be signed.

Step 5 – Close Escrow

The task of closing the loan is normally the responsibility of the escrow officer, attorney, or lender. This person or company is responsible for gathering all of the necessary documents (deed of trust, promissory note, etc.) and making sure all documents are signed. Following the lenders instructions, the escrow officer, attorney or lender then calculates the various prorations, charges and adjustments (interest on your old loan, interest on your new loan, money for impound accounts for taxes and insurance, etc.), makes sure all of the funds are deposited (if any) and provides you with a settlement statement showing all of the costs involved in the loan. Whoever handles the escrow responsibilities also makes sure that all of the parties involved in the loan process are paid after the loan funds. Your loan will then close escrow and your new loan will be recorded.

Do you have a question?

We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you.


The Mortgage Lady


Alisha Baty | Loan Officer
NMLS# 495465



Consumer Complaint Information

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Friendly, warm, compassionate and understanding.

The Mortgage Lady and her team were able to complete my mortgage - start to finish - in 23 days....

Jennifer Flinton

5.0
2015-12-21T09:36:16-05:00

Jennifer Flinton

The Mortgage Lady and her team were able to complete my mortgage - start to finish - in 23 days. That is unheard of in this industry where it normally takes 30-60 days, minimum. They were also able to help me write up not one, not two, but four offers on houses within that time period, providing the necessary paperwork promptly each time. But most importantly, Lori and her team were friendly, warm, compassionate, and understanding, on top of being professional and efficient. I cannot recommend them highly enough.

Profoundly knowledgeable and professional.

We have had the distinct pleasure of working with The Mortgage Lady on multiple mortgage needs over several years. On...

Frankie & Melinda Waller

5.0
2015-12-21T09:37:22-05:00

Frankie & Melinda Waller

We have had the distinct pleasure of working with The Mortgage Lady on multiple mortgage needs over several years. On each occasion we have found her to be profoundly knowledgeable and professional, while at the same time being a joy to work with due to her enthusiasm, pleasant personality, and warmth.....Thank you for all that you do!

Thank you so much!

The Mortgage Lady, I know how lending guidelines make any conforming loan a difficult process these days. I truly believe...

Landon Smith

5.0
2015-12-21T09:38:11-05:00

Landon Smith

The Mortgage Lady, I know how lending guidelines make any conforming loan a difficult process these days. I truly believe these two refi's wouldn't have been this smooth, or closed at all, anywhere else. I have, and will continue to refer anyone looking for a loan in TX to you guys. Thank you so much!

She used technology to make us feel like we’re in the same town.

We cannot speak highly enough of our experiences in working withThe Mortgage Lady to arrange financing for our new home....

John and Carolyn Drummond

5.0
2015-12-21T09:39:36-05:00

John and Carolyn Drummond

We cannot speak highly enough of our experiences in working withThe Mortgage Lady to arrange financing for our new home. For most of the process, we were in a different city from The Mortgage Lady, but she used technology to make us feel like we're in the same town. We felt as though we had a personal relationship with The Mortgage Lady. She could not have been more supportive, patient, and positive. I encourage anyone purchasing a home to contact The Mortgage Lady.

We couldn’t be happier.

A big thank you to The Mortgage Lady and her team. We couldn’t be happier.

Ruben and Laura Vela

5.0
2015-12-21T09:40:09-05:00

Ruben and Laura Vela

A big thank you to The Mortgage Lady and her team. We couldn’t be happier.
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