Harris - Mortgage Process Overview

Personal Financial Services

The Harris No Surprises Mortgage

The Mortgage Process: What to Expect

The process of getting a mortgage may seem overwhelming. But with the assistance of an experienced Harris Mortgage Specialist and our No Surprises^® promise, you will know what to expect every step of the way.

Here's what you might expect from a typical loan experience:

	1.	Pre-Qualification - Contact us to get pre-qualified for a specific loan amount. With this information, you will know the size of mortgage you can afford before you start looking for your home.
	2.	Pre-Approval - This is a firm commitment letter issued before you buy a home that gives you actual purchasing power with a maximum dollar amount that you can afford. A completed loan application is necessary to obtain a mortgage pre-approval.
	3.	Loan Application - As part of your loan application, you will need to provide income documentation and other important information. After assembling all of the items on our Application Checklist, you will be able to complete your application and submit it for processing.
	4.	Fulfillment - An associate underwriter verifies the information on your application and obtains a credit report, property appraisal and title insurance commitment. The loan processor then prepares your loan for underwriting.
	5.	Underwriting - An underwriter compares your loan to standard guidelines. If these guidelines are met, an approval and loan commitment are issued. A loan closer will then contact you, your realtor or builder, and your attorney to arrange your loan closing.
	6.	Closing - At closing, you will sign the mortgage, promissory note and other required documents transferring ownership from the seller to you. Congratulations! At this point, you are the proud owner of your new home.
	7.	Loan Servicing - While your purchase is now complete, your relationship with Harris doesn't end here. We will service your loan and answer any questions or concerns, as long as you have your loan. Just call our Loan Servicing Department at 1-800-207-3058.


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