Secured Loan Application Click Here

or

Download the PDF Loan Application – This form is for those who prefer to manually fill out the form. You should download, print, fill out and fax back to us.

Our Fax number (805) 477-1159.
 

(If you don't have the Acrobat Reader you can download this free utility. Click the Acrobat icon to download.)
 

Get Qualified

• Getting qualified before you apply for a loan can help you understand how much you can borrow.
• When buying a house, you may get pre-qualified or pre-approved.
• You can typically get pre-qualified over the phone or on the Internet in a few minutes.
• A pre-qualification is not as beneficial as a pre-approval where you have to go through a more rigorous process which includes verification of your credit, income, assets and liabilities.
• It is highly recommended that you get pre-approved before you start looking for a house. This will help you:
  • Find out the maximum house you can buy, so you don't waste time looking for properties you can not afford.
  • Puts you in a stronger position when you are negotiating with the seller, because the seller knows that your loan is already approved.
  • Helps you close quickly, since your loan is already approved.
  • Shop loan programs and rates

To shop for a loan you will need to ...

• Think about how long you plan to keep the loan.
  • If you plan to sell the house in a few years you may want to consider an adjustable or balloon loan. On the other hand, if you plan to keep the house for a longer time, you may want to look at fixed loans.
• Understand the relationship between rates and points.
  • Points are considered to be prepaid interest and are tax deductible. Each point is equal to one percent of the loan. So for example 1 point on a $150,000 loan is $1,500. The more points you pay, the lower the rate you will get.
• Compare different programs.
  • Shopping for a loan can be difficult. With so many programs to choose from, each of which has different rates, points and fees, it's hard to figure out which program is best for you. That's where an experienced loan officer can help you make a decision that's best for you.

The Actual Loan Process below may vary slightly depending on whether you are documenting or stating your income and assets.

• Once your loan application has been received we will start the loan approval process immediately. This involves verifying your:
  • Credit history
  • Employment history
  • Assets including your bank accounts, stocks, mutual fund and retirement accounts
  • Property value
  • Based on your specific situation, additional documents or verifications may be required.
• To improve your chances of getting a loan approval:
  • Fill out the loan application completely.
  • Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
  • Do not make any major purchases. Do not buy a car, furniture or another house till your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application.  Call and we can explain why in more detail.
  • Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us first.
  • Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf.  Even though we give you a projected close date, there are sometimes circumstances beyond everyone's control that can change that date.

Close the Loan

• After your loan is approved, you will be required to sign the final loan documents. This will normally take place in front of a notary public at your home or at a local title company
• Be prepared to:
  • Bring a cashiers check for your down payment and closing costs if required. Personal checks are normally not accepted, please do not bring cash.
  • Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.
  • Sign the loan documents.
• Your loan will normally close shortly after you have signed the loan documents.
• The title company or notary public then returns the loan documents to the lender for their files.
• Most of the time once the lender receives the documents, they then authorize for the escrow company to release the funds, then your loan is recorded with the local county recorders offer the following day.
• Once escrow gets confirmation that the loan is recorded they either release funds to you if a refinance or release (wire) funds to the people you purchased your home from.
• On refinance and home equity loan transactions federal law requires that you have three days to review the documents before your loan transaction can close.

This may sound a little complicated if you've never done this before... or maybe you had a horrible experience with another lender, but rest assured, our finely tuned automated system assures that everything on our end gets done in a timely manner and with a minimal amount of paperwork.