Applying for Your Loan

The Home Buying Process - Gateway Homes, Houston

The first step to applying for a loan is the selection of a lender and completion of a mortgage application. Your Gateway Homes New Home Sales Counselor can make recommendations on lenders, or you can select your own. The Financing Addendum of your Purchase Agreement oulines the time frames you and your lender must adhere to.

Your lender's job is to understand your particular financial circumstances completely. You will review all information on the application at your meeting with the loan officer. Do not hesitate to discuss any questions you have regarding your assets, income, or credit. By providing complete information, you prevent delays or extra trips to deliver documents.

When applying for a home loan you'll be asked to provide a great deal of information and documentation, including but not limited to: property information, personal information, income, real estate owned, liquid assets, liabilities and more. For a more detailed list of information you'll need, read through our Loan Application Checklist.

Once you've provided all the necessary information, your lender will begin processing your loan. It can take several weeks before your loan is approved. Loan approvals often carry conditions of contingency - the sale of a previous home or proof of assets, for example.

One of the most exciting elements to building your new home with Houston's Gateway Homes is the new home selections. Continue reading more about New Home Selections.

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Houston home builder, Gateway Homes, has been working with new home buyers and first time home buyers for over 20 years. Gateway Homes has communities in North Houston, West Houston, South Houston, Katy, Cypress, Missouri City and beyond. Call Gateway Homes today at (713) 622-3737 or fill out our Contact Form.