Advantis Mortgage Process
You’re just a few steps away from home
Let’s help simplify the mortgage process. Use this as a helpful checklist while you work with your Advantis mortgage officer, from application to closing. If you’re buying your first home, make sure to also check out our Homebuyer’s Guide.
1. Apply online or contact an Advantis mortgage loan officer.
An Advantis mortgage officer will call you (or meet with you) to discuss your application and help you choose the best loan option to fit your needs. Your mortgage loan officer will also provide you with a pre-approval letter valid for 90 days, so you’re ready when you find that perfect home.
2. We’ll provide you with initial loan disclosures to review.
Your mortgage loan officer will provide you with a few important disclosures to review, sign, and return.
3. You’ll provide your loan officer with required documentation.*
- Two years' tax returns with W2
- One month of your most recent pay stubs
- Two months checking & savings statements
- 1099s and/or Award Letters (as applicable)
- Copy of homeowner’s insurance (as applicable)
*Other documents may be required depending upon your unique situation. Your Mortgage Loan Officer will let you know.
4. After your offer on a new home is accepted, we’ll order an appraisal.
Contact your Advantis mortgage loan officer after your offer has been accepted to start the process of your purchase transaction. After the appraisal is completed, we’ll review the appraisal report with you and all final loan terms. Your loan processor will contact you with any remaining documentation that is required before your loan can be submitted to underwriting.
5. Our underwriting team will review your loan for final approval.
After our underwriting team provides final approval, your loan processor will contact you to review the loan amount, interest rate, first payment date, and other important details – just to make sure we have answered all of your questions.
6. We’ll send you a closing disclosure to review.
Advantis will provide you with a Closing Disclosure three business days before your scheduled closing. This will provide the final details about your loan, including key terms and total fees and other costs.
7. We’ll send your closing documents to a title company.
Your escrow officer will schedule an appointment with you to sign the closing documents.
8. You’ll sign closing documents at the title company.
You’ll sign a Closing Disclosure, which includes an itemized listing of any final loan fees and terms and conditions of your mortgage. You will also sign a Deed of Trust and Note that pledges your property to your lender as security for repayment of your loan.
Welcome home!
Once all the closing documents have been signed and any remaining expenses have been paid, your new loan typically funds the next business day (refinances typically fund four business days after signing). This is considered the settlement date and it means that funds have been wired to the title company and the deed is recorded with the county. This is usually when you’ll receive your keys. Congratulations and welcome home!
Property restrictions and other conditions apply. Contact a mortgage officer for details. For all dwelling-secured loans, hazard insurance is required and flood insurance may be required. All loans are subject to underwriting approval.
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