Getting Started

Although you’ll be working with multiple parties during the purchase or refinance process, your Progressive Loan Funding mortgage professional will be with you every step of the way.1. Qualify. Pre-Qualifying is the first step in the loan process. This is where you get a better financial idea of how much home you can afford and how much it will cost you on a monthly basis. Note: Pre-qualification is neither a pre-approval nor a commitment to lend.

2. Find the Right Home. Work with your Real Estate professional to find the home that matches your wants, needs, and financial expectations.

3. Lock-in Your Rate. Once you know you’re in the right place, Progressive Loan Funding will lock-in your interest rate and secure financing.

4. Closing. Sign documents, settle costs, collect your keys!

You’ll get a good head start in the application process if you take some time now to get all your documents and information together. This is a short list of necessary items for every loan application:

-Last 2 years complete Federal tax returns
-Last 2 years W2 forms
-Last 2 paycheck stubs
-Last 2 months bank statements

Location, price and your own lifestyle will determine where you buy your home. To make the house-hunting process easier for yourself, do some advance thinking about just what sort of home you want.

Make a list about what matters most to you. Prioritizing the items on your wish list will help you and the real estate professional you work with to find the right home: the one that you can afford and the one that fits your standards.

Here you will find some forms that may be useful throughout the application process. Each application and form provided here is a PDF file. If you don’t have Adobe Acrobat Reader already, click here to download it for free.

1. Loan Application. This is a standard Fannie Mae Form 1003 or Uniform Residential Loan Application. Once downloaded, it is possible to fill in the form using your PDF reader. When you’re through, save or print each of the four pages of the completed application (it is a legal-sized form, so you’ll need to use the correct paper size and be sure to specify the correct paper size in your printer options).

2. Authorization Form. This is the Application Authorization Form. After it opens automatically in Acrobat Reader, it is possible to save or print the single-page form from your computer (it’s a larger, legal-sized form, so be sure to use the correct paper size. Also, be sure you specify the correct paper size in your printer options). Each potential borrower would carefully read and initial every individual section and sign and date the bottom of the form.

3. Consent Form. This is the Credit Application Consent Form. This single-page form can be printed or saved (it’s a standard, letter-sized form, so regular printer paper will work). Before running a credit application, each potential borrower would carefully read the form in its entirety and provide their signature, date and social security number.