Our Loan Process
At LDA Lending, we've refined our process to get you from application to keys as quickly as possible—without cutting corners. Here's exactly what to expect when you work with us.
Same Day
Pre-Approval
2-3 Weeks
To Clear to Close
Fast Closing
After Approval
Your Path to Homeownership
We break down the mortgage process into clear, manageable steps. Here's how we'll guide you from application to closing day.
Pre-Approval
Your journey begins with a quick and easy pre-approval. We review your financial information, verify your income and assets, and determine exactly how much home you can afford.
What Happens:
- Submit your application online or by phone
- Provide basic financial documents (pay stubs, bank statements, tax returns)
- We review your credit and financial profile
- Receive your pre-approval letter the same day
Why it matters: With a pre-approval letter in hand, sellers and real estate agents take you seriously. You'll know your budget and can shop for homes with confidence.
Property Appraisal
Once you've found your dream home and have an accepted offer, we order a professional appraisal to confirm the property's value matches the purchase price.
What Happens:
- Licensed appraiser visits the property
- Comprehensive evaluation of home condition and features
- Comparison with recent sales of similar homes
- Appraisal report delivered within the first week
Why it matters: The appraisal protects you from overpaying and ensures the lender that the property is worth the investment. We work with trusted appraisers to keep this process moving quickly.
Underwriting & Clear to Close
Our underwriting team conducts a thorough review of your complete loan file. They verify all documentation, confirm the property details, and ensure everything meets lending guidelines.
What Happens:
- Full review of your financial documents
- Verification of employment and income
- Title search and insurance ordered
- Final loan approval and clear to close issued
Why it matters: This is where the magic happens. Our experienced underwriters work diligently to get your loan fully approved. We keep you informed every step of the way and address any questions quickly.
Closing & Funding
Once you receive your clear to close, we move fast. You'll review and sign your final loan documents, funds are wired, and the property officially becomes yours.
What Happens:
- Review your Closing Disclosure (final loan terms and costs)
- Schedule your closing appointment
- Sign documents with the title company
- Funds disbursed and deed recorded
Why it matters: This is the moment you've been waiting for—the keys to your new home! We coordinate closely with the title company to ensure a smooth, stress-free closing experience.
Then... You Get the Keys!
After closing, you're officially a homeowner. We'll celebrate with you and remain available for any questions about your mortgage going forward.
Why LDA Lending Is Faster
Speed without sacrificing quality—that's our commitment. Here's how we make it happen.
Streamlined Technology
Our digital systems allow for faster document collection, instant verification, and real-time status updates.
Dedicated Team
You work with the same team from start to finish. No handoffs, no confusion—just consistent, focused service.
Proactive Communication
We anticipate what's needed next and reach out before issues arise, keeping your timeline on track.
Documents You'll Need
Being prepared speeds up the process. Here's what to have ready when you apply.
Income Verification
- • Recent pay stubs (last 30 days)
- • W-2s from the past 2 years
- • Tax returns (if self-employed)
- • Proof of additional income sources
Asset Documentation
- • Bank statements (last 2 months)
- • Investment account statements
- • Retirement account statements
- • Gift letter (if applicable)
Identification
- • Valid government-issued ID
- • Social Security number
- • Current address verification
Property Information
- • Purchase agreement (once accepted)
- • Property address and details
- • Homeowners insurance quote