Although the loan process may seem a bit overwhelming, First Ohio Home Finance, Inc. will guide you. Working with us helps you feel more at ease, knowing that you’ve made the best financial decision for you and your family.
Needs Assessment
During the pre-approval process, your First Ohio Home Finance, Inc. loan officer will assess your specific needs and goals. We look at your credit score, loan amount and property value to determine the loan products that best suit your needs—while still offering the best rates.
Pre-Qualification
This is an important first step to prevent delays in your loan application. Essentially, we compile your financial information (income and expenses) to determine the loan amount for which you qualify.
Pre-Approval
Loan pre-approval is the best way to speed up the loan process and let the sellers of your dream home know you are serious about a purchase. You will need:
- Pay stubs from the most recent month
- W-2s from the last two years
- Account statements (bank accounts, stocks and mutual funds) from the past three months
Final Approval
First Ohio Home Finance, Inc. is proud to offer an efficient loan process that includes getting final approval to secure your loan. We expedite the paperwork processing and prepare you for the closing. Having a representive from First Ohio with you helps to alleviate stress and make sure the whole process goes smoothly.
Closing
The loan becomes official and final disbursements are made at the closing, which is when you sign the loan documents. Most closings take place in the convenience and privacy of your own home, but we will schedule a time that is convenient for you.
You will need to bring:
- Your I.D.
- Proof of homeowner’s insurance
- A cashier’s check for closing costs and the down payment
