Home loan time frame.
Home loan closing costs.
Documents needed for Purchase Loan.
As a new home buyer, there are many options when it comes to financing your home.
Between the types of loans available, and negotiating your rates and payment options, it takes work.
You need a team of experienced professionals who have your best interests not commission in mind.
Estimated Home Loan Timeline
- Typically up to 4 weeks
Estimated Closing Costs
- Usually between 0% and 3% of your loan amount
- Signed Purchase Agreement and Earnest Money Deposit receipt
- W-2 forms from the past 2 years
- Pay stubs covering the most recent 30 days
- Three most recent bank statements for all accounts
- Homeowners insurance details (agent’s contact info or declarations page)
- Personal tax returns for the last 2 years
- Addresses for all residences from the past 2 years
- Business tax returns for the last 2 years
- Business licenses covering a 2-year period
- Year-to-date profit and loss (P&L) statement
- Final divorce decree
- Proof of child support received and ongoing
- Complete bankruptcy filing
- Bankruptcy discharge papers
- Copy of Green Card
- Copy of EAD card (front and back)
- Disability award letter
- SSI award letters
- Pension award and continuance letters
Getting a mortgage doesn’t have to be confusing. At Pacific National Lending, we break it down into simple, transparent steps to help you move from application to closing with clarity and confidence.
📞 Connect with your Mortgage Loan Originator to explore your financing options.
📋 Start gathering financial documents needed for your application.
🔍 Begin your home search knowing what you’re qualified to afford.
✅ Assists you with completing your full loan application.
💰 Explains how much you qualify for, monthly payments, and cash needed for closing.
📊 Walks you through loan options like Conventional, FHA, VA, and USDA programs.
📑 Communicates all required documentation upfront.
🙋♂️ Stays available to answer your questions throughout the process.
🔎 Reviews and organizes all documents for underwriting.
🤝 Coordinates with appraisers, title agents, and all third parties involved in the loan process.
📬 Communicates directly with you regarding any missing or updated documents needed to stay on track for closing.
🧾 Carefully reviews your loan file to ensure it meets lending guidelines.
🔁 May request additional information or documentation.
🖊️ Issues the official approval and final conditions needed for your loan to close.
📦 Prepares your full closing package and delivers it to the title or escrow office handling your signing.
🔐 Ensures all documents are accurate and ready for a smooth closing experience.
📞 Reaches out to confirm details, including proof of Homeowners Insurance.
🧾 Prepares your final Settlement Statement (Closing Disclosure).
💬 The Processor contacts you to go over final figures and the total funds needed for closing day.
📝 Meet at the title office to sign final paperwork—don’t forget your ID!
💵 Bring a cashier’s check or arrange wire transfer for your closing funds.
🧾 Provide your proof of Homeowners Insurance paid for one year.
🎉 Congratulations! You’ve just purchased or refinanced your home. Time to celebrate your next chapter!
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