Before viewing any property, determine what price range aligns with your financial situation.

Begin by calculating key ratios:

• Debt-to-Income (DTI) – Evaluates monthly debt obligations vs. gross income.

• Loan-to-Value (LTV) – Compares loan amount to property price.

Work with your Alliance Originator to secure a pre-approval letter, which:

Strengthens your offer in competitive markets.

Signals serious intent to sellers and Realtors.

Helps tailor your property search to your actual qualifying range.

Your licensed Mortgage Originator will help you choose the most strategic loan structure based on:

• Budget

• Credit

• Property type

• Long-term financial goals

Popular loan types include:

• Fixed Rate Mortgage – Offers stability over time; ideal for buyers seeking predictability.

• Adjustable Rate Mortgage (ARM) – Typically begins with lower payments; suitable for shorter ownership horizons.

• Interest-Only Loan – Minimal upfront payments; used for cash-flow management in investor strategies.

Your Originator will also:

Review initial disclosures and compliance forms.

Align your loan file with current underwriting guidelines and investor overlays.

Plan contingencies for rate changes, reserves, or appraisal gaps.

Your REALTOR® plays a crucial role in guiding your property search and negotiations.

They provide:

• Access to MLS and off-market listings.

• Market comps and valuation insight.

• Support with writing and submitting competitive offers.

Once a property is selected and offer accepted:

Alliance begins preliminary title review, escrow setup, and property disclosure coordination.

Your REALTOR® and Originator collaborate to align contract terms with financing parameters.

Alliance initiates credit review during pre-approval and formalizes it after contract signing.

The Originator pulls your credit report and flags potential issues like:

• High utilization

• Recent inquiries

• Derogatory marks

Additional compliance checks include:

• Identity verification

• Fraud flags

• Employment confirmation

Adjustments or updates to your credit or financial data are resolved before moving forward.

Once under contract, your Originator builds a complete loan package:

• Income docs (W-2s, pay stubs, tax returns)

• Asset statements (bank accounts, retirement funds)

• Purchase contract and real estate disclosures

A key milestone is the Initial Loan Estimate (LE), which outlines expected closing costs and loan terms.

Alliance prepares the loan for submission into underwriting while monitoring appraisal ordering and title coordination.

Underwriting formally evaluates your credit, income, assets, and the property.

You’ll typically receive conditional approval, which means:

• The loan is approved pending a few specific items (updated docs, appraisal, insurance, etc.).

• Alliance communicates required conditions clearly and manages timelines proactively.

Common conditions include:

Updated income documentation

Proof of funds for closing

Final homeowner’s insurance binder

Completed appraisal review

Once all conditions are met, the loan is marked clear to close.

Alliance prepares the Closing Disclosure (CD) with final figures and ensures compliance with:

• TRID timing requirements

• State-specific settlement rules

• Title, insurance, and escrow documentation

On closing day:

You sign all documents, including deed, mortgage note, and disclosures.

Alliance ensures proper funding, recording, and disbursement.

You officially become the legal owner of the property