The Loan Process

PRE-APPROVALS

VS.

GET COMMITTED®

Meet with a lender for
pre-approval

Turn in W-2’s, bank
statements, etc

Start looking for a
potential home

Compete against other equally qualified pre-approvals

Make and negotiate a
purchase agreement

Turn in your necessary
documentation to your lender

Tax returns, photocopy of ID, etc.

Loan application is
completed and turned in

Appraisal is ordered

Receive clear-to-close loan approval

Closing

Meet with a lender

Provide supporting documents

Loan application is
completed and turned in

Get Committed is granted

Pending home purchase

Start looking for a
potential home

Appraisal is ordered

Receive clear-to-close
loan approval

After underwriter
approves appraisal

Closing!

Call us at (877) 793-9362 or fill out the contact form here to send us an email.

Our main office is in Warrenville, Illinois

(30 miles/50 km west of Chicago). For a list of other locations and licensed states click here.

Home to a Better Mortgage Experience® and Get Committed® are registered trademarks of Compass Mortgage Inc. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Compass Mortgage Inc. and www.compmort.com with appropriate and specific direction to the original content. NMLS# 21808 – Illinois: MB.0005795, Arizona: 0909436 (dba Compass Mortgage Lending, Inc.), California: 4131332 (dba Compass Mortgage Lending, Inc.), Colorado: 21808 (dba Compass Mortgage Lending, Inc.), Florida: MLD308 (dba Compass Mortgage Lending, Inc.), Georgia: 38332, Indiana: 11020, Iowa: MBK-2001-0104, Michigan: FR022873, Tennessee: 135374, Texas: 21808, Wisconsin: 38296BA/21808BR, Oregon: 21808, Minnesota: MN-MO-21808, Ohio: RM.804327.000, NMLS Consumer Access Illinois Residential Mortgage Licensee Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act