285 W FRONT STREET FALLON NV, 89406
(775) 882-9376
info@nvrealestatefinancellc.com

Loan Process

Private Lending | Fix n Flip| Buy n Hold | Construction Loans

- Initial Inquiry

Borrower fills out Pre Approval Online Application:

- Qualification and Pre-Approval
  • Loan is submitted for Pre-approval:
  • 1003 application or Online Pre Approval Application submission
  • Purchase and sales contract (if applicable).
  • Issues to borrower a Conditional Pre-Approval Letter within 48 hrs of complete package submission stipulating:
    * Loan amount
    * Rate
    * Documents required for Underwriting
    * Documents required for closing
Underwriting
  • Signs Pre-Approval letter
  • Provides all additional information and documentation requested from you
  • Orders appraisal
  • Orders title
  • Obtains environmental insurance
  • Conducts real estate and income analysis (when applicable).
Closing & Funding
  • Coordinates with Title company
  • Prepares all loan docs and sends to closing agents
  • Sends completed docs for review.

 

error: Content is protected !!