Loan Resources

THE LOAN PROCESS: A Step-by-Step Guide
American Guardian Home Loans makes it easy from start to finish. Here's a step-by-step guide to help you find your way through the process of securing a loan.

Make the right choices
1. Select a real estate agent.
2. Choose American Guardian Home Loans as your lender and pre-qualify for a mortgage loan.
3. Find property in your price range.
4. Sign a purchase and sale agreement.
5. Complete loan application authorizing lender to order property appraisal, credit verification and title insurance.

Process the Loan
6. Loan processor orders necessary documentation and verifications.
7. Lender receives credit report and verifications.
8. Loan processor contacts borrower if questions arise.
9. Lender receives property appraisal.
10. Loan processor packages loan and submits to underwriting for approval
11. Loan processor notifies borrower of underwriting conditions.
12. You determine when to lock in interest rate.
13. Loan processor verifies that underwriting conditions have been met.
14. Loan processor provides loan documents to escrow agent or attorney for closing.
15. Loan processor receives report that property has clear title.

Finalize Your Loan
16. You and seller sign closing loan documents.
17. Loan processor sends final loan documents to funding for review.
18. Deeds are recorded and the lender disburses funds.
19. Loan closes.
20. Thanks to American Guardian Home Loans, you move into your new home!