Mortgage Navigator
What happens when you purchase a Fieldstone Home and Apply for a
Mortgage?
TFC Mortgage provides homebuyers with a commitment to service and
attention throughout the process of purchasing a new home.
TFC Mortgage’s knowledgeable and caring Mortgage Counselors ensure a
streamlined process designed to help navigate our homebuyers through the
complexities of financing a newly constructed home.
How to Apply for a Mortgage
1. Upfront Approval1
A conditional loan approval, subject to certain conditions which will vary
depending on the type of loan you want and the terms of your purchase. You
know about how much you can spend for your home and options.
2. Application
To be completed prior to signing the Master Customer Agreement. Soon after
you provide a completed Application to TFC Mortgage, you will receive a Good
Faith Estimate and Truth in Lending Statement, providing known and estimated
closing costs and additional information.
- Master Customer Agreement
You will sign the customer agreement and give the sales manager your completed loan package with a check for credit and appraisal. Income, asset and credit history will be checked prior to obtaining an “Up-Front Approval.” Depending on the guidelines in effect for the desired loan, you may be asked to provide additional documentation prior to final loan approval.
3. Underwriting
Loan is submitted for loan approval
**if your loan is not approved, your TFC Mortgage Counselor will contact you
to see if there is another program you may qualify for.
4. Loan Documents
Once you have been notified by the Sales Manager of your closing date, your
Mortgage Counselor will contact you to lock in your rate. Once the loan is
locked, documents can be drawn and sent to Escrow for signing. After you
have signed your loan documents, they will be sent to the Lender for
funding, and title will be notified to record your loan. You will then be
the owner of the home and are entitled to your keys.
For additional information or to contact a TFC Mortgage Counselor, go to
www.tfc-mortgage.com
1Up-Front Approval is
subject to satisfactory appraisal and title review and no change in
financial condition. If the rate is not locked or rate protection expires,
any rate increase may lower the loan amount for which the borrower has been
pre-approved.
Equal Housing Lender. ©2006 Countrywide Mortgage
Ventures, LLC, d/b/a TFC Mortgage, 27001 Agoura Road, Suite 200, Calabasas
Hills, California 91301. Trade/servicemarks are the property of Countrywide
Mortgage Ventures, LLC, or Countrywide Financial Corporation. Countrywide
and the associated house logo reg. U.S. Pat. & Tm. Off. Licensed by the
Department of Corporations under the California Residential Mortgage Lending
Act. For CA properties only. Some products may not be available in all
states where Countrywide Mortgage Ventures operates. This is not a
commitment to lend. Restrictions apply. All rights reserved. TFC Mortgage,
75 Enterprise, Aliso Viejo, CA 92656 (949) 330-7760. TFC Mortgage and
Fieldstone Homes are independently responsible for the products and services
each company offers. (10/06).