Once Janet has received all the information that we need through processing your loan application, we will 'underwrite' your application. This means that we will compare your credit and income information and the property you want to finance against our loan guidelines for the loan you want.

Generally, we will look for verified, stable income, manageable debts (including the anticipated payment on the house you wish to finance), and a credit history, as shown through your credit report, indicating a willingness and an ability to repay money lent to you. We will review the property appraisal to be sure that it indicates a value sufficient to justify the loan amount, as well as a house in good enough condition to meet our guidelines.

During this process, you may be asked for various explanations or additional documentation to make sure that you meet program guidelines.