There are four major milestones that a loan must meet in order to close.
These four stages are as follows:
2. Conditional Approval
3. Final Approval
4. Clear to Close.
This process can take anywhere from 30-60 days, however, there are occasionally unforeseen circumstances that can delay the loan process. Rest assured that South Texas Home Loans in McAllen will work diligently to ensure that your loan closes in a timely manner.
Andrew Riddle . Mortgage Lender . NMLS 1469914
Office - 956-515-2512 . Direct - 956-279-7320
"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE Company OR A LICENSED MORTGAGE Company RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS 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 WWW.SML.TEXAS.GOV. 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 Company and/or its employees. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND 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 WWW.SML.TEXAS.GOV."
© Copyright 2018 Andrew C. Riddle