If you’ve ever wondered what the loan approval process consists of, this simple guide give you all the information you need to know in seven easy steps.

At Credit Union Home Loan Center, we want you to feel confident in the fact that the home loan process will be convenient and easy from start to finish. In fact, the best part is that after Step One, you can leave the following six to us!

Step One: The only step you’ll need to take.

This step consists of an initial interview (via phone or in-person) with an experienced loan officer and the submittal of required documentation necessary to proceed to the next step of the loan approval process. Documentation includes:

          - Income: One month of pay stubs & two years of W2’s

          - Assets: Two months of savings, checking and retirement account statements

          - Debts: List of credit debts displaying: creditor, balance and monthly payment

          - Credit History: Lender will obtain a credit report, used for the loan transaction