Typical Mortgage Process

Following is an example of what you can expect through each phase of the Mortgage Loan process:

Let’s get started

  • You contact Qualstar’s Real Estate Lending Department for pre-approval. You can either contact them us phone at 1-800-848-0018, or fill out our online Mortgage Application.
  • Once your application is received, a Real Estate Lending representative will contact you to set up an appointment for an application and credit review. (See the Mortgage Loan Checklist for a list of required items to bring with you to the appointment).
  • Once the Real Estate Loan representative gives you a credit approval, you can then choose a realtor.
  • You and the realtor will then select and make an offer on a home.

Paperwork and documents

  • You make the required deposit with Qualstar Real Estate Lending for the Application Review.
  • Qualstar Real Estate Lending orders a credit report, appraisal, verifications, title, and other required documents.
  • Qualstar Real Estate Lending reviews returned documents, including appraisal and title report.
  • Qualstar Real Estate Lending contacts you (or your realtor) for additional information as needed, including verification showing property work orders are complete.

You’re almost done

  • Qualstar’s Real Estate Loan representative submits the full loan package to an underwriter for final approval.
  • Qualstar Real Estate Lending requests any further information required for approval.
  • Closing documents are prepared and delivered to the Escrow company.

The home stretch

  • The Escrow Company calls you to schedule an appointment for signing and notifies you of the final dollar amount to bring to closing.
  • You sign the closing papers and deposit the funds.
  • The Escrow Company delivers the deed of trust to the county to be recorded.
  • You get the keys to your new home!