Connection
Starting with an in-depth conversation allows us to get a better understanding of your specific needs. By making this connection we'll be able to tailor your experience so that it's just right for you.
Get The Home You Deserve!
Oz Lending has access to the best loan programs available, including Conventional, FHA, VA, Construction, Jumbo, and even Specialty Programs like Bank Statement Programs. By providing more options than the industry standard, our borrowers have more loan options to fit your unique situation, which in turn gets you in the home you deserve!
Oz Lending Loan Process
Application
Through your application, we are able to learn even more about your specific circumstances. This helps us to keep things moving with your loan process. We will even be able to give you a better idea of what you're able to spend on your new home.
Documentation
We’ll need your help on this part. Certain documents are critical to have in order to keep your home loan moving. Please provide these as quickly as possible when the request comes through to avoid delays. If you’re unsure about a request, your Loan Wizard comes in handy and can help guide you through.
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Pre-Approval
We have two great options for Underwriting. We can approve you for a loan prior to even getting a contract on a home which is our pre-approval program. That will allow you to show an “Approval Letter” to the Sellers instead of just a “PreApproval Letter". That option gives you a lot better chance to win an offer and makes it to where we just need an Appraisal and Title work.
Option 2 is UpFront Underwriting, to where we take your documents/loan application and get your loan into underwriting within 24 hours on average and issue an approval on the loan. This option is needed if you apply and get a contract to purchase a home within the same day of us issuing you the PreApproval Letter. Most mortgage companies do not submit your loan to Underwriting until 2 to 3 weeks into the process, so you really don’t know till then if your loan is truly approved. We take the guesswork out of it.
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Processing
Your Oz Lending Processor is part of the team that will get you to closing on time. They'll work closely with you and your Loan Wizard to ensure everything needed for approval has been collected and you are prepared for closing!
Inspection & Appraisal
These are key components of buying a home, as well as financing one. We'll work hard to get these items scheduled and rolling as soon as possible.
Final Approval Issued
All final conditions are cleared by the underwriter that you have sent in or uploaded. Then the Final Stamp of Approval is done and you are ready for Closing.
Closing
Each step before this is taken so that you're completely prepared for your closing. We'll work with the Closing Attorney to let you know the exact amount you can expect to bring, as well as where to go and when. Once all the paperwork is signed, you'll walk away from the closing a happy homeowner!
