• FirstStar is very excited to help you navigate the loan process. Along the way you will hear from one of our dedicated team members. Below you will find a quick explanation of the steps you will take part in from the time your application is completed through your loan closing.

  • 1) Complete our loan application - "Apply now" (eSign).
    2) Authorize FirstStar to access and evaluate your credit report and supporting income, asset documents (eSign).
    3) Review application and credit report findings with your FirstStar Loan Officer.
    4) Review loan options with your FirstStar Loan Officer based on your unique criteria scenario - purchase or refinance.
    5) Compare mortgage interest rates and terms
    6) Choose the offer that best fits your needs
    7) Submit complete loan package to a lender best fits your loan criteria (eSign)
    8} Email notice - Underwriter review (additional documentation may be requested)
    9) Email notice - Underwriter loan approval or loan denial
    9a) Email notice - Underwriter has completed the review and issues Clear-To-Close with a Closing Disclosure (esign)
    10) Loan Clear-To-Close - coordinate closing date, time and location to wet-sign your new loan & release funds via 3rd party title company.

    Apply Now

  • These are lender's requirements for loan approval

    Documents you will need to complete the loan application:
    - Driver's License
    - Social Security Card

    Schedule of Real Estate (all properties)
    - Recent mortgage statement(s)
    - Copy of homeowners' insurance
    - Recent property tax bill
    - Residence history for the past 2 years
    - HOA information, if applicable (monthly payment)

    If Applicable
    - DD214 for VA applicants
    - All bankruptcy discharge paperwork
    - Gift letter/Gift documentation - paper trail of all fund source
    - Divorce decree or legal separation agreement, including child support agreement

    Apply Now

  • GET PRE-APPROVED
    Provide financial documentation to your lender for them to prepare a "pre-approved letter" to accompany your offer.

    COMPLETE LOAN APPLICATION
    Documentation, including a sign sales contract, is not required to obtain a Loan Estimate.

    ORDER HOME INSPECTION
    Work with your Real Estate Agent to order an inspection.

    ORDER PROPERTY APPRAISAL
    After the inspection is complete, the appraisal is ordered.

    PROCESSING
    The Processor will review all the documentation, while the preliminary title report and tax inspections are ordered.

    UNDERWRITING
    The Underwriter reviews the documentation and appraisal to provide and approval. Possible "conditions" may apply.

    CLOSING
    There is a 3 day wait period once the CD is received.

    FINAL LOAN APPROVED ISSUED BY LENDERS UNDERWRITER
    All conditions of the approval have been met and the loan is ready for closing.

    SIGNING & CLOSING
    The attorney or escrow company reviews loan documents for final approval and the Closing Disclosure(CD) is issued for borrower signature(s).

    "Congratulations, you're a homeowner! Welcome to the FirstStar preferred client group."

    Apply Now