How to Get a Loan
Once you select Susquehanna for your home loan, you'll be amazed at how quickly
and simply the loan process moves. Before you know it, you'll have a mortgage that
suits your lifestyle and saves you money.
Throughout the loan-application process, we provide you with regular updates. You
can also e-mail us with questions or new information. And if you want assistance,
a mortgage expert who can answer questions is just a phone call away.
Here's an overview of the loan-application process
Simple, Straightforward, Cost Effective, and FAST!
- Pre-Qualification - Contact us to get pre-qualified for a specific loan amount.
With this information, you will know the size of mortgage you can afford before
you start looking for your home. You can locate
a mortgage banker to schedule a face to face meeting.
- Pre-Approval - This is a firm commitment letter issued before you buy a home
that gives you actual purchasing power with a maximum dollar amount that you can
afford. A completed loan application is necessary to obtain a mortgage pre-approval.
- Loan Application - As part of your loan application, you will need to provide
income documentation and other important information. After assembling all of the
items on the Mortgage Documentation Checklist,
you will be able to complete your application and submit it for processing. You
can apply by meeting with a mortgage banker
or you can submit an
- Processing / Underwriting – Your personal mortgage processor will verify
the information on your application and obtain a credit report, property appraisal
and title insurance commitment. Your loan processor finalizes all the documents
and forwards your information to your underwriter, who compares your loan to standard
guidelines. If these guidelines are met, an approval and loan commitment are issued.
We will then contact you, your realtor or builder, and your attorney / title company
to arrange your loan closing.
- Closing - At closing, you will sign the mortgage, promissory note and other
required documents transferring ownership from the seller to you. Congratulations!
At this point, you are the proud owner of your new home.
Locate a Local Mortgage Banker