Approval Process
Samaritan Mortgage Group
A Division of Canopy Mortgage, LLC
1. REACH OUT
Reach out to your Samaritan Mortgage loan officer to chat about what you want and what happens during the loan process.
2. UTILIZE THE USER-FRIENDLY APP
Start your loan application process by linking your bank accounts and uploading the necessary documents online. It’s so convenient and hassle-free that you can complete it from the comfort of your couch while waiting in the carpool line, or even at the drive-thru. Afterward, your information is directly sent to.
3. UNDERWRITING
Upon receiving your information, our objective is to provide you with an underwriting decision within a time frame of 6 hours. We will look at your financial situation and if you qualify, we then do.
4. AN UNDERWRITTEN PRE-APPROVAL
In which time a fully underwritten pre-approval may help your offer get accepted. While many buyers’ offers fall through before closing due to late underwriting, we underwrite our pre-approvals to help make your offer more convincing to the seller and more competitive against other bidders.
5. AN OUTSTANDING REAL ESTATE AGENT
You’ll want someone who’s proven to get results and committed to getting you into the right home with a powerhouse agent on your side, you can.
6. ENGAGE IN SHOPPING
Use your underwritten pre-approval to shop for what you love while staying in your price range. When you’ve found “the one”
7. SUBMIT THE OFFER
Armed with your underwritten pre-approval, you can stand out among the competition by showing the seller your offer is underwriter approved. Now, wait to
8. ACQUIRE THE IDEAL HOME
When your bid is accepted, feel free to celebrate. You’ve come a long way and homeownership is near It’s time to
9. FINALIZE THE DEAL
Once your bid has been accepted, we can move forward with the approval process of your loan, which we endeavor to finalize within a timeframe of just 7 business days. Before you know it, you’re ready to
10. COMPLETE THE AGREEMENT
We aim to successfully close every approved loan within a single business day. At the closing office, you’ll find your finished loan file, go through the terms with a closer or attorney, jot down a few signatures and voila.
11. WELCOME HOME
Congratulations on your recent home purchase! Now keep your homeownership journey going with great tips on homeowner’s insurance, warranties, decorating and more at Samaritan.com/blog
