1. A telephone interview takes place between you and a home loan specialist.

2. All items listed under the "Items Needed at Application" section below should be available at this time.

3. One hour should be allowed to complete the loan application.

4. Once the application is complete, we will discuss policies and procedures concerning locking the interest rate or letting it float with the market.

5. Once you've decided to lock or float your interest rate, your application package with all necessary disclosure documents is sent to you for signature(s).

6. The application will sent by U.S. mail.

7. After review by you, all documents are signed and returned along with copies of the information stated in "Items Needed at Application."

8. After the documents have been received, we will give the package to the Processing Department to be assembled.

9. Our Processing Department assembles and prepares the documents for underwriting review.

10. After all documents are reviewed and all guidelines are met, the underwriter issues an approval.

11. Once the loan is approved, the appraisal is ordered. Upon receipt, it is sent to underwriting for review.

12. After appraisal approval the closing process is initiated.