Loan Process

The Loan Process: Our Four steps process

Shopping for a mortgage loan. We'll be glad to talk about our mortgage offerings! Call us at (619) 825-9560. Ready to begin? Apply Online Now.

There can be little doubt; getting a mortgage is a complicated process. You would not be researching mortgage loans if it were possible to get a mortgage loan in a single day by filling out a simple application. But Destiny Six Financial does the heavy lifting so you can concentrate on your life rather than the mortgage loan.

There are four primary steps involved in getting a mortgage loan.

Step one: Determine how much you can borrow

A couple of factors determine this amount. How much of a monthly payment can you afford? And given your unique credit and employment history, income and debt, and goals, how much will a lender loan you?

You can get a good idea of your preferred payment amount using the mortgage calculators on our website. We'll also help you through different scenarios by asking a few simple questions.

Based on standard lender guidelines, we'll get you a good idea of what kind of terms and loan program you can expect to benefit most from.

Step two: Complete a Pre-qualification

This is where Destiny Six Financial can start to save you money. You will give us information on your current job, assets, and residence history.

You'll provide information on your employment, asset, and residence history. We will pull get your credit report and score (only after you give your permission, of course). After we've finished reviewing the provided information, we'll provide a pre-qualification letter.

Your REALTOR® will likely use your pre-qual (as they may call it) in order to make the best offer on the home you choose. The pre-qual letter gives you buying clout! While you're looking for your new house with your REALTOR™, we find the best program for you.

Step three: Apply now! We make it easy

Once you've made the offer and the sellers have accepted, you should complete the loan application. It couldn't be easier, and you can do it online, right here on our website. After the seller has accepted your offer and you have applied for your loan, we'll order a professional appraisal of the home.

Step four: Your loan is funded

Your real estate agent and the sellers will work together to decide on an escrow/title company to handle the funding of your loan. We'll coordinate with this company to make sure the papers your lender will need are available, and you will probably sign everything at this company's office.

We will coordinate with this company on your closing date. Because you will not need to worry about this coordination, you get to think about the move, painting, carpet, and the details involved in getting a new home.

​​​​​​​After you have answered a few questions, given us lots of information, and applied, you'll be ready to move sooner than you think! Destiny Six Financial is in the business of mortgage loans; you're not — so let the experts do the work. Makes sense, doesn't it?

Have questions about the loan process? Fill out the form below with your question or call Destiny Six Financial at (619) 825-9560. Destiny Six Financial answers loan process questions every day.