Skip to content

Our Easy 6 Step Loan Process

FHA & VA Loans, Conventional & Jumbo Loans, 203K Loans, Zero-Down Loans & more!

From the first call to closing in 6 easy steps!

1

Let’s Talk About It.

During this initial call, we’ll assess your needs and wants, and match you with the loan product that fits you best.  We’ll discuss your credit, interest rates, closing costs and goals, answer all your questions, then lay out what the loan process will look like and the time it will take to complete.

2

Applying.

We can take your application right over the phone in about 15 minutes.  Everything that we’d need to ask you, you’ll probably know right off the top of your head (Name, Soc Sec, DOB, Income, Assets, etc.), answer a quick series of yes/no questions, then at the end of the application we’ll get your permission to pull your credit report. That’s it, then we’re off!  Pre-approvals can be completed the same day and applications with properties are completed within 1 – 3 days after application.

3

Going Into Underwriting.

At this point, we’ll ask you for only the required identification, income and asset documentation so we can have an underwriter review your loan for a conditional approval.  At the same time, we’ll also order title work and an appraisal if one is needed.

4

You’re Approved!

Once the underwriter has reviewed your application and supporting documents, they will render a decision, and if your loan is approved, they will provide you with a conditional approval.  This means that they may have some other questions about your income or asset documents, require additional information from you and once the conditions for your loan are satisfied, you move directly to the next step.

5

Clear To Close.

These are the favorite three words every client and real estate agent long to hear!  Underwriting has reviewed everything; they don’t have any more questions and have now signed off on your loan.  Now we can begin talking about scheduling your closing, figure out what dates work for you and your location preferences.

6

Closing.

Depending on if your loan is for a purchase or refinance, your closing options will differ. For a refinance, we can typically close right at your kitchen table with a closer from the title company, however we can easily accommodate a closing pretty much anywhere in the lower 48 states.  If your loan is for a purchase, generally the real estate agent(s) involved, and the seller will determine the location and timing of your closing.  Generally, you’ll need to be present for a closing when buying a house, but in some instances, mail away options can be accommodated.  Regardless of the type of closing, you’ll probably need approximately hour of time for this final step.

See What Our Clients Are Saying About Us

J Adams
J Adams
July 19, 2022.
I cannot say enough good things about Dan and his team. As a first time home buyer in a high market, I thought I had done my research and new what I was looking for. I contacted Dan and he clearly explained how the process works and gave me great options that ended up being better than I thought I could get. After this the process only got easier. Dan and his team clearly communicated what they needed and made what I thought would be a stressful experience easy. I will recommend Dan to anyone i know looking for a loan.
Mj VanCamp
Mj VanCamp
July 18, 2022.
Dan is an exceptional mortgage broker! He really knows the industry. He's honest, creative, and can definitely get the best mortgage rates in Michigan. I am very glad we did business with Advantage Lending. I highly recommend using Dan and his team.
Marilyn Swinteck
Marilyn Swinteck
July 16, 2022.
Dan Litvin was extremely knowlegable and professional during the process of buying our new home. He gave insight which was very reassuring and always had time to answer multiple questions and concerns. We would highly recommend him.
Lisa Jacobs
Lisa Jacobs
June 11, 2022.
We had been asking our current mortgage company to refinance our loan for months and the responses we were getting included everything from "we're working on it" to "we're holding off until rates drop some more." A quick phone call with Dan got the ball rolling on the easiest mortgage refi EVER with rates significantly lower than what our current mortgage company was offering. Dan has a great team that will get the job done painlessly and efficiently!
Daniel Lunghamer
Daniel Lunghamer
May 31, 2022.
Dan Litvin and the Advantage Lending Corp team got me the best mortgage rate I could get. I am so impressed with their team and I would only refer others to use these guys! Thank you again!
Kathleen Prokop
Kathleen Prokop
May 25, 2022.
Mike Johnson
Mike Johnson
May 24, 2022.
Dan and Melony at Advantage Lending were great. They made getting a mortgage a breeze. Phone calls, emails, and text messages were retuned promptly. We never had to leave a voicemail. They were always on time. They walked us through the process every step of the way. They will be my first call when I need another mortgage.
Kevin Martin
Kevin Martin
May 15, 2022.
Dan and his team were great to work with. They were very helpful, very responsive, and able to get me an excellent rate.
Allison Friebe
Allison Friebe
April 15, 2022.
As a 1st time home buyer Dan made the lending process painless. He took the time to explain all of the costs I should expect from day 1. When the finalized loan estimate was established he walked me through line by line. Truly appreciate his patience with my novice questions! Dan and his team are quick to move and very responsive...exactly what you need in a hot housing market!
SRTSmitty
SRTSmitty
April 6, 2022.
When my fiancé and I were looking to buy our first house we didn't know where to begin until we met Dan from Advantage Lending. Our first conversation lasted over an hour as he explained everything to us about the home buying process. Dan got us approved and in our home in less than one month. Needless to say, Dan is the man and I will personally recommend anyone to enjoy his wonderful services. You rock Dan! Hunter & Amanda.
Hundreds Of Five Star Reviews
5/5
Equal Housing Opportunity

NMLS Company Look Up | NMLS #128031