(616) 887-9000

108 N. State St. St
Sparta, MI 49345

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The Mortgage Process

To begin the mortgage process, one of our mortgage consultants will complete an application with you. At this time, we will ask you questions regarding your employment, income, debt and assets. With your permission, we will obtain a credit report. This information will allow us to provide you with options for a mortgage.

Following is a list of information that is helpful to have when we complete your application:

· Most recent pay stub(s).
· Most recent W2 forms.
· Most recent bank statements (checking, savings, money market).
· 401K statements.
· Stock portfolio statements.

Once complete, we will submit your application and supporting documentation to one or more of our lenders for approval. This usually takes no more than 24 hours and often even less. Once your application is approved, the lender will provide us with a list of conditions that we must provide. These conditions will include copies of your pay stubs, bank statements and signed disclosure forms.

Upon receipt of the approval, our office will order title work for the property that will be financed. We will also order an appraisal. Depending on your situation and the mortgage you have applied for, we may have to order a survey, pest inspection and/or structural inspections.

Once all of the conditions have been provided, we will submit the entire package to the lender. Once accepted, the lender will issue a Clear to Close. When we receive the clear to close, we schedule a closing that is convenient for you, and any others involved in the transaction.

Ridge Realty
(616) 887-9000

108 N. State St. St
Sparta, MI 49345

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