California Mortgage Process
The California home mortgage process typically follows these key steps, from pre-approval to funding and closing:
1.) Pre-Approval
- Select your lender: “Capital Home Mortgage”
- Submit Documents: Pay stubs, W-2s or tax returns, Bank statements, Proof of assets and debts.
- Credit Check: The lender will evaluate your credit score and financial health.
- Pre-Approval Letter: Receive a letter showing how much you can borrow. Strengthens your home offer.
2.) Loan Application
- After your offer on a home is accepted, formally apply for the mortgage.
- Confirm loan type (e.g., Conventional, FHA, VA, USDA)
- Confirm terms (fixed-rate or adjustable-rate, loan duration, etc.).
- Provide any additional documents requested by the lender.
3.) Loan Eastimate
- Within three business days of your application, the lender will provide a Loan Estimate, detailing:
- Estimated interest rate.
- Monthly payment.
- Closing costs.
4.) Processing
- Property Appraisal: The lender orders an appraisal to verify market value matches the loan amount.
- Verification: Lenders verify your employment, income, credit, and other financial details.
- Title Search: A title company checks for liens or issues with property ownership.
- Homeowners Insurance: You must select an insurance carrier.
5.) Underwriting
- An underwriter reviews all documents to assess risk.
- Ensure compliance with loan guidelines.
- Request additional information or clarification (referred to as “conditions”).
- Issues a conditional approval.
6.) Loan Approval (clear to Close)
- Final Review of final by underwriter to review conditions
- Review of title commitment to ensure no outstanding liens existing.
- Review of final appraisal to confirm value of property.
- Underwriter issues a clear to close.
7.) Closing Disclosure
- At least three business days before closing, you’ll receive a Closing Disclosure.
- This document provides the estimated final loan terms and breakdown of closing costs.
- This CD must be signed and acknowledged to start closing process.
- Review with Loan Officer if you have questions.
8.) Closing Day
- Attend the closing appointment to:
- Review and sign loan documents.
- Wire Funds for Down Payment and closing costs
- Once the transaction is complete, the lender funds the loan.
9.) Funding and recording
- The loan is funded.
- Deed is recorded with the county, transferring ownership to you.
- Receive the keys to your new home!
- Moving day.
California-Specific Considerations
- Loan Limits: California’s conforming loan limits may vary by county, including the high-cost areas.
- Fannie Mae and Freddie Mac loan limits
- HUD loan limits
- USDA loan limits
- Escrow: California uses escrow companies to handle funds and paperwork during the closing process.
- Disclosure Requirements: California has strict lending and real estate disclosure laws to protect buyers.
- Call today (888) 620-7744 to talk to one of our California Loan Officers.
California Mortgage Rates
Why California is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Funding
California Mortgage Company Reviews
California Mortgage Team
California Mortgage Programs
California Purchase loans
Looking to Purchase a California Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
California Renovation Loans
Looking to Rehab a California Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
California FHA Home loans
Great First Time California Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
California va Home Loans
100% Financing for California Veterans
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
California Conventional loans
Flexibility for California Homebuyers
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
California Jumbo Home Loans
California Non-Conforming Mortgage Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
California USDA Home loans
100% California Rural Home Mortgages
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
California Native american Loans
California Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
California Manufactured loans
Great California Affordable Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
California Reverse Mortgages
Your California Home at Work for You
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
California Non QM Home loans
Making California Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
California construction Loans
Build Your California Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
California Refinance Home Loans
California Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
California Cashout Home Loans
California Equity Cash Out Mortgages
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
California Cities
At Capital Home Mortgage Tennessee, we are dedicated to providing competitive rates and low fees for Conventional Home Loans, all while ensuring outstanding customer service. Whether you’re a first-time homebuyer, a repeat buyer, or an investor looking to purchase in the city or countryside, a Conventional Home Mortgage may be the perfect fit for you.
We understand that purchasing a home is a significant decision. That’s why our team of dedicated mortgage professionals is committed to guiding you throughout the mortgage process. We prioritize a smooth experience, ensuring timely closings and peace of mind for our clients.
As a Tennessee Conventional Mortgage Lender, we manage the entire lending process from start to finish. Our in-house processing and underwriting streamline approvals and enable quick, sensible decisions. With complete control over every aspect of the application to funding process, we’re here to make your mortgage experience efficient and hassle-free.
Capital Home Mortgage Tennessee is a Tennessee Conventional Mortgage Lender that manages the entire lending process from beginning to end. Our in-house processing and underwriting enables for quick, common sense approvals and timely closings. We have complete control over everything from the application to funding.
Call today (615) 960-4565 to talk to one of our Tennessee Loan Officers.
