At this point, we will order a Credit Report, Appraisal and Title Report and verify information on the application, such as bank deposits and payment histories. If you have had credit problems, be prepared to discuss them honestly with your loan officer, who will assist you in writing your 'Letter of Explanation.' The Appraisal and Title Report will be checked for property issues that may require further investigation. The entire mortgage package is then put together for submission to the lender.

This is where working with American Home Funding can really make a difference. Our processing staff is in house, enabling quick turnaround. Manual underwriting allows us to take special circumstances into consideration. By working with multiple funding providers and investors, we know their preferences and what loans they are most interested in acquiring.