Fund Your Real Estate
We offer your investor clients an efficient way to get loans for their investment properties in the states that we are licensed through HomeUnion® Lending, a subsidiary company.
How it Works
How it Works
HomeUnion® Lending is a full service mortgage brokerage that provides your clients with the highest level of customer service and a seamless real estate purchasing process.
While there are many different types of loans, it is important to choose the right type of loan for investment properties. HomeUnion® Lending provides the options to achieve financial goals by investing in real estate and the experience to guide clients through the process.
At HomeUnion® Lending our goal is to make the entire lending process seamless and easy. Here are the five steps most loans typically follow:
1. Gather Documents
Start by gathering all the necessary paperwork to get the lending process started. We require the following documents:
Copy of driver's license and social security card
Consumer credit report pull authorization
Federal tax returns from the last 2 years
Other financial account statements
2 Months of bank statements and paystubs (preferably with year to date amounts)
Rental agreements for any properties that are owned
2. Loan Structure
Once we’ve received the documentation we can determine the best type of structure for the loan. We work with a wide variety of investors ranging from those that are purchasing their first investment property to investors that are purchasing a portfolio of multiple investment properties.
Our talented team of lending specialists will structure a loan that is specifically designed to help you achieve your financial goals through investing in single family rentals. We’ll advise you on types of loans, loan amount, and which options are best for your specific investing needs.
We are dedicated to providing the highest level of customer service and the pre-approval process allows us to work to make sure everything is in order. During the pre-approval phase we’ll make sure that we have all the necessary paperwork to ensure that the loan can move forward once the appraisal has been received.
Escrow is the last phase before owning the investment property. This is the period of time after the offer has been accepted and paperwork has been exchanged, in which the funds will be held in an account by a neutral third party.We’ll make sure that the escrow process goes smoothly and can be used to handle the home inspections and appraisal. During this phase the interest rate will get locked in and we’ll send over the credit package and the appraisal report, which the underwriter will use for loan approval. The loan approval typically takes a day or two and then we’ll send over the loan documents to sign.
Most escrow periods last about 30 days but it is possible for them to be shorter or longer depending on your needs or the needs of the seller. We will work with specific time constraints to find the loan that works best.