The Loan Process
NetCORE Lending™ guides you through every step of the mortgage process — from pre-qualification to closing day.
Pre-Qualification
We assess your income, debts, assets, and credit history to determine how much you can afford. No credit pull required.
Mortgage Options and Interest Rates
We review fixed vs. adjustable rate options and match you with the right loan program for your goals.
The Application
You provide your full name, income, assets, Social Security number, current address, property value, and desired loan amount.
The Loan Estimate
Within 3 business days of your application, you receive a 3-page document showing estimated interest rate, monthly payment, and total closing costs.
The Intent to Proceed
You have 10 business days to indicate your intent to proceed after receiving the Loan Estimate.
Processing
Three key items are ordered: your credit report, the property appraisal, and the title report.
Requested Documents
You submit W-2s (2 years), recent pay stubs, bank statements (2 months), and additional asset documentation.
Credit Reports
FICO scores from three bureaus are reviewed, examining payment history, outstanding debts, length of credit history, and new inquiries.
The Appraisal
A licensed appraiser assesses the property's market value to ensure the loan amount is appropriate.
Conditions
The loan enters conditional status. All conditions must be satisfied prior to document preparation and funding.
Underwriting
The underwriter performs a final review of all documentation, creditworthiness, and property value before issuing approval.
Title Search / Insurance
A title company examines property records for liens, encumbrances, and ownership disputes. Title insurance protects both buyer and lender.
Closing Disclosure
A 5-page form is provided at least 3 business days before closing, showing final loan terms, projected payments, fees, and closing costs.
Closing
You sign all documents, the loan is funded, the deed is recorded, and the keys are handed over. Congratulations!