Looking for a Personalized, Hassle-Free, and Fast Mortgage Process?
Look no further! As one of Austin’s leading mortgage lenders, Stephanie and her team are dedicated to ensuring you get the most out of your home financing. Whether you’re a first-time homebuyer, upgrading to your dream home, downsizing, or exploring refinancing options, Stephanie is here to guide you every step of the way.
What We Offer
Purchase
First Time Home Buyer. Down Payment Assistance. Conventional. FHA. VA. USDA. Jumbo Loans. Specialty Investor Loans. Specialty Self-Employed Loans.
Home Improvements or Payoff Debt
Looking to use some of your home equity for home improvements, college planning, or to consolidate debt? Let's talk and go over what options are available!
Rate Redo
Ready to lower your mortgage rate and payment? Reach out today and lets discuss if refinancing would be a viable option for you!
Mortgage Emergency
Did another lender drop the ball or not know what they are doing? Don't worry; I am here to help! Let's chat and get you to the closing table!
The Process
Do not let a home loan intimidate you!
1Apply
This can be done with a conversation over the phone or online. Our Quick Apply takes less than 8 minutes and gives us the basic info needed to get started. We will give you a call once we receive the information to go over some specifics, as well as get a feel of what your intentions and goals are. If you are ready, this is the step where we will pull credit and review your credit history.
2Pre-Approved
To strengthen your Pre-Qualification Letter we recommend that you provide us with some basic documentation such as pay stubs, W-2s, Tax Returns (if self-employed) and bank statement showing funds to close. If we have any concerns about your file, we will review with our underwriters at this time so we have no surprises later. Surprises in mortgages=not awesome.
3Home Shopping
Now comes the fun part! Since you have completed steps 1 & 2 you can feel confident while out shopping for a home. If any questions pop up along the way just give me a call!
4Appraisal
You found a property, are under contract, and are good to go with the home inspection. We will now order the appraisal to determine the market value of the home. This is different from the home inspection where they are focused solely on the condition of the home. The appraisal focuses on the value of the home to ensure the home is worth enough to secure the loan. The appraisal will be completed by a local appraiser. The report takes 3-7 days to be returned to us and you will automatically receive a copy after we have reviewed it.
5Underwriting/Loan Approval
All of the documents you have provided to this point are put together by the processor to tell your "loan story" to an underwriter. The underwriter will be reviewing/nitpicking everything provided and looking for any missing documents or potential red flags. During the underwriting process, our team may come back with questions. You should respond as quickly as possible to ensure a smooth underwriting process.
6Closing Day!
Once your file is cleared to close by the underwriter, the attorneys begin working on the fat stack of papers you will be signing at closing. You will also receive the final Closing Disclosure. This will look similar to the initial Loan Estimate. The Loan Estimate shows the expected costs; the Closing Disclosure shows the exact costs. After all parties have hand-signed the closing paperwork- the funding authorization will be issued and the home is all yours!
Expert EDGE-ucation!
Find out how mortgage rates work, how to improve credit score, what is PMI, why online rates seem so low (tricky tricky) , information about ARMs and more!!
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- Location, Location, Location
Provided for informational purposes only. This is not a commitment to lend, not all borrowers will qualify.
Not an offer or agreement. Information, rates, & programs are subject to change without prior notice. Not available in all states. Subject to credit & property approval. Not affiliated with any government agency. For licensing information go to: www.nmlsconsumeraccess.org
Edge Home Finance
4413 Spicewood Springs Rd #302 Austin TX 78759
Company NMLS: 891464
Branch NMLS# 2514483
Privacy Policy | Company Licenses | NMLS Consumer Access
REGULATOR:
TX Department of Savings and Mortgage Lending
2601 North Lamar, Suite 201
Austin, TX 78705
Phone: (512) 475-1350
Fax: 512-475-1360
DISCLAIMERS:
Consumers wishing to file a complaint against a mortgage banker or a licensed mortgage banker 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 a certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originator. 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 2012 Stephanie Donnell