Financing | McKenna St. Onge Tucson Real Estate - Southern Arizona

Home Financing / Mortgages

Buying a home is a large and important investment. Financing one with a residential mortgage can be confusing and stressful, but it doesn’t have to be. That is why I recommend getting pre-approved right away. The pre-approval process can be completed over the phone in about 15-20 minutes. The lender will ask you questions about your income, assets and credit history. Once completed you will know the price point you qualify for and the estimated monthly housing payments. This information is helpful in determining your search criteria and what homes to include in your private tour or for your electronic home search portal. Additionally, when we find the right home we want to be able to put in an offer so you don’t miss out. This will require us to submit a pre-qualification form with the offer and that would be delivered from your lender. This letter indicates to the seller that you are qualified for the amount of financing you are looking to obtain.

The following chart offers a step by step overview of the mortgage loan process. It is shown here courtesy of Sunstreet Mortgage, LLC

  • Meet with your Loan Officer to discuss goals
  • Your Loan Officer may review credit report and, if you are ready, discuss the right loan program for you


  • Fill out mortgage loan application with your Loan Officer
  • Receive initial disclosures
  • Indicate your Intent to Proceed with the loan transaction


  • Provide all documents necessary to underwrite your loan
  • Completion of mandatory due diligence, such as verifying your employment, income, SSN, assets, etc.
  • Order appraisal (highly regulated under federal law; Loan Officer, Realtor, Lender, or Borrower cannot choose an appraiser; must be assigned according to a consistent system)


  • Review of all documents (credit, capacity, collateral) by an Underwriter to determine qualification for loan program
  • Requests for additional information as the Underwriter and Loan Officer work together to get you a decision


  • Once loan is approved, your Loan Officer will work with you to schedule a date and time to sign your final paperwork
  • Review and sign paperwork to finalize your loan, including signing federal- and state-mandated forms, the debt obligation paperwork (Note), and the collateral paperwork (Deed of Trust)
  • Funds released in accordance with state law


  • We typically transfer your loan to one of our investors (a larger bank)
  • You will receive a letter from us informing of this transfer; until then, you will make your mortgage loan payments to us

Take The First Step
Interest rates for home mortgages change quickly, and financing guidelines and programs are constantly evolving, making the process feel overwhelming. That’s why it is recommended that one works with an experienced, knowledgeable, and friendly loan officer. Contact Sunstreet Mortgage LLC’s senior loan officer Brandon Fleming with any questions you might have, or to get started on an application for same-day pre-approval.


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