We’ve streamlined the process for our borrowers, and we’ll help do all the heavy lifting. Simply apply online and, for most loans, we can have keys in your hand in less than a month. As always, your ANBTX mortgage lender is here to work with you to move your mortgage along.
If you're ready to get started, you can complete an application here. Or if you want to plan and prepare for what's next, we've outlined the journey below. Keep in mind, every loan and every homebuyer is unique, so please use the steps below as a guideline.
While the mortgage process may seem like a lengthy journey, it’s actually a series of small steps.
All are designed to get you to the end of the homebuying journey, where you officially become a homeowner.
Before you even start shopping for a new home, it’s a smart move to get pre-qualified. This not only gives you an estimate of how much you can spend but it shows you are a series buyer and it can be a competitive advantage when presenting an offer to a buyer. It only takes a short amount of time to pre-qualify and there’s no impact to your credit. Once you find your new home, we’ll work with you to complete your application and the loan process.
See how the math adds up for your financial situation and use our helpful financial calculators. Or get started right away and contact us to pre-qualify.
Once you know how much you can spend, you are ready to start actively shopping. It’s usually recommended that buyers work with an experienced real estate professional. Not only will they assist you in your home search—they’re knowledgeable about particular communities and market prices—but they’ll provide advice and support throughout the process, including contract negotiations, financing, home inspections, closing, etc.
If you’ve already been prequalified, you’ve done a lot of the work. And if you are already an ANBTX mortgage or bank customer, we can fast-track the process. The next step is to complete the online application process—with the home details you want to purchase—and submit your application via our secure portal.
Here’s what you’ll need:
If you currently own real estate, you also will need:
From the time your loan is approved to the time it closes, there’s a lot of work that takes place behind the scenes. We’ll begin looking closely at your financial information and the property itself.
Specifically, we’ll look at your income, assets, and debt and verify they match with the various documents provided during application (bank and tax statements, paystubs, etc.) You may also be asked to provide additional paperwork, which is a normal part of the process.
The other important task is to verify the details of the property you are purchasing. During this time, lots of things are happening, such as inspecting the property, getting homeowner’s insurance, finalizing all the property and title documents, and preparing for closing. You'll work closely with your real estate agent and your ANBTX Mortgage Lender during this time period.
The last step in the process is where you fund (i.e., close) your loan; it’s also referred to as “settlement”. This is where everything has come together and you’re ready to sign on the dotted line. Just note, there will be lots of documents to sign!
The closing takes place at a title company or escrow office (most likely) and you, along with your real estate agent and sometimes your lender, will review all the documents and sign the paperwork. You’ll also bring any money required (down payment and closing costs) to complete the transaction.
After you’ve reviewed and signed the mortgage documents, ownership is officially transferred, and you get the keys to your new home. Congratulations, you're a homeowner!
Knowledge articles are provided as a courtesy. ANBTX does not provide, and is not responsible for the product, service, or overall content.
Contact us to talk more about our mortgage solutions.