The Home Loan Process
Finance with our Lender
Matt Brown
First National Bank
Loan Officer, Sovereign Bank
NMLS ID #908374
3030 NW Expressway Suite.130 Oklahoma City, OK 73112
Office: (405) 778-6547
Cell: (405) 619-8140
mbrown@banksovereign.com
Matt Brown is an Oklahoma City native and graduate of the University of Central Oklahoma where he graduated Magna Cum Laude with a degree in International Business and Trade. Matt has worked in the mortgage industry throughout Oklahoma as well as in Chicago. In that time he has learned what it takes to make the loan process simple, smooth, and most importantly the right fit for each client. No two people are the same and with access to every major loan program coupled with the knowledge developed since he began in 2001, Matt can work to tailor a loan program that is right for you. Matt Brown and Sovereign Bank provide all types of mortgage financing to assist you in either buying the home of your dreams or getting you on the right financial path. With aggressive rates and unparalleled customer service they have come to truly set themselves apart from the pack and look forward to working with you to find the right product that fits your needs and your goals. Loan types include conventional loans, jumbo products, FHA, VA, USDA, HUD 184 Native American loans, second mortgages and bridge loans.
Let's Get StartedDemystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our team will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
