Step 1 of 5 · The industry calls this "Application"
What Actually Happens When You Apply
A quick conversation about what you're buying, refinancing, or trying to solve.
Written by the East Coast Mortgage team
Editorial review: East Coast Mortgage, NMLS #2354674 · Last reviewed
This step is just a conversation. We ask what you're trying to do (buy your first home, move up, refinance) and get a picture of your income, savings, and timeline.
Here's the part that's different from walking into a bank: a bank can only offer you the bank's own loans. We work with dozens of lenders, so from this first conversation we already know which of them are worth showing to your specific situation, instead of forcing your file through one lender's rules and hoping it fits.
Sources
- CFPB: Know the process
- CFPB: What is a Loan Estimate?
General information, not advice for your specific situation. Program rules come from the agencies above and from each lender, and they change. A licensed loan officer confirms what applies to you.
Free guide · homebuyers
The Homebuyer's Playbook
From pre-approval to closing day, in plain English. Instant download, no cost.
Ready when you are
Let's find your yes.
Two quick questions, then a real, licensed loan officer follows up. No obligation, no spam.
NMLS #2354674 · Equal Housing Opportunity · Not a commitment to lend