5 Easy Steps of the Home Loan Process

We take pride in making the home loan process as easy and accessible for our customers as possible. Below is a quick overview of what you can expect when you decide to buy a home.

STEP ONE: Get Pre-Qualified

Getting pre-qualified is the first step in purchasing a home. We simply need to check your credit, make sure your scores qualify, and then use the information on your credit report to calculate how much home you can afford. Once we know the amount that you are pre-qualified for, we’ll give you a pre-qualification letter.

STEP TWO: Find Your Dream Home

Start searching for your dream home within the price range determined by your pre-qualification letter. Contact your loan officer if you have questions about potential issues with any home you are considering.

STEP THREE: Appraisal

An appraisal is required for your loan. An unbiased third party will visit your potential home and will check for any major issues and will review any safety hazards. The appraiser will also compare your potential home with other similar homes in the area to determine the value of your home. Whatever amount the appraiser states your home is worth will be the maximum loan amount allowed.

STEP FOUR: Underwriting

An underwriter will analyze the documentation you’ve provided in your loan application and verify that the loan program you’ve applied for is the correct one for your needs. They will typically request additional documentation based on the information you initially provided in order to finalize the approval process of your loan.

STEP FIVE: Close on Property

Once everything is approved by the underwriter and the related government institution (if applicable), you will be sent the final documentation from your loan officer to start the process of closing on the property. When your closing date arrives, you will sign your documentation with the local title company/attorney and then you will officially be a home owner!

If you have any further questions about the details of each process, please feel free to reach out to us and we will be glad to help!

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Security First Financial is a division of Primary Residential Mortgage, Inc. PRMI NMLS 3094. Branch NMLS ID# 385589. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Colorado – Regulated by the Division of Real Estate, UCCC #987701-016. Arizona – Arizona Department of Financial Institutions 0902614. Massachusetts – Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Florida - Florida Office of Financial Regulation MLD646. Texas - This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. 

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Primary Residential Mortgage, Inc. is licensed under the State of Texas and by state law is subject to regulatory oversight by the Texas Department of Banking through one of the means indicated below: In Person or U.S mail: 2601 North Lamar Boulevard, Suite 300, Austin, Texas 78705-4294, Telephone No. (877) 276-5554, Fax No: (512)475-1313 Email: Website:

Consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential loan originator should complete and send a complaint form to the TX department of savings and mortgage lending, 2601 North Lamar Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery find must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at


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