We love our clients and it shows – We are proud to have over 150 ⭐⭐⭐⭐⭐ Google reviews!
Lorie Wilson did a fantastic job. She has helped me with a loan on a personal property and investment property. I have worked with many lenders, and Lorie is a... read more
Nicholas DodsonNishawn couldn't have been better! My income is mixed between both w2 and 1099 money so I was a hassle to deal with, but Nishawn was responsive and cool... read more
THE BRAJCASTWe worked with Josh Travis and were absolutely pleased with the entire mortgage loan process. We moved from Ohio to Tennessee and Josh made the entire process pain free! We... read more
Ralph YoungWhat a wonderful experience we had in purchasing a new home in Tennessee. Josh Travis was very responsive with all are questions and walking us through the process with a... read more
sue irvineWorked with Josh Travis. Very strong communication skills and excellent customer service.
hunter whiteIncredibly helpful, thoughtful,and kind through out the entire process! Responsive and thorough with all questions and concerns. Lori is a delight 😊
Jordan SmithJessie and her team was phenomenal with handling my mortgage application and walking me through the process. Even with the curve ball my situation threw at her, she handled it... read more
K “K-Love” LoveFoundation Mortgage was phenomenal!! Jessie and Courtney helped us close on time with a tight deadline. Jessie was extremely helpful and always a call or text away. Super satisfied... read more
Stephen ZambrzyckiJessie was wonderful to work with and facilitated the mortgaging process very efficiently. I would definitely recommend her for anyone taking out a mortgage loan for her responsiveness, knowledge,... read more
Nolan ByrdLorie Wilson did a fantastic job. She has helped me with a loan on a personal property and investment property. I have worked with many lenders, and Lorie is a... read more
Nicholas DodsonNishawn couldn't have been better! My income is mixed between both w2 and 1099 money so I was a hassle to deal with, but Nishawn was responsive and cool... read more
THE BRAJCASTWe worked with Josh Travis and were absolutely pleased with the entire mortgage loan process. We moved from Ohio to Tennessee and Josh made the entire process pain free! We... read more
Ralph YoungWhat a wonderful experience we had in purchasing a new home in Tennessee. Josh Travis was very responsive with all are questions and walking us through the process with a... read more
sue irvineWorked with Josh Travis. Very strong communication skills and excellent customer service.
hunter whiteMeet the Team at Foundation Mortgage
Loan Officer | NMLS: 1900227 | TN, NC, SC, AL, FL
Use our free calculator tools to see your ideal monthly payment or to see what loan options are available to you.
Overview of the process for buying or refinancing with Foundation Mortgage
The first step in securing a home loan is to fill out a loan application. Depending on what works best for you, you can either complete the application online or meet face-to-face with one of our loan officers. Once the application is completed, the loan officer will discuss your overall financial goals and then provide you with loan program options. Your loan program options are determined by many variables including;
The loan officer’s goal is to clearly document your financial qualifications for the loan which you have applied. In order to achieve this, the loan officer will ask you to provide some documentation that supports your income and assets such as:
Once the documentation has been gathered, we will then verify your employment history and assets. We will also obtain your credit report, order the preliminary title report from the title company, and order your property appraisal. Once this information is returned to us, we will submit the file to the underwriter for approval.
The Underwriter is responsible for ensuring that your loan file meets the qualifying guidelines. During their review, it is not uncommon for the underwriter to ask for additional documentation and/or clarification on different areas of the file. These are called “conditions”.
Your loan may be approved as submitted, approved with conditions, or a counteroffer may be made for your consideration. If there are conditions to the loan approval, your loan officer will work with you to satisfy these conditions. Examples of conditions may include explanation letters, copies of financial documents, divorce papers, or any number of items that will clarify your qualifications for the loan.
After the loan conditions are met (if any), the necessary loan documents are prepared for closing. The lender will prepare the necessary documents to be signed by you. Your escrow officer or attorney will arrange for an appointment with you when the loan papers are ready to be signed.
We work alongside the closing attorney to assemble the final paperwork and confirm the total funds needed for the closing day. Everything we do leading up to this point ensures that the closing table is a smooth and exciting experience. Now, enjoy the moment as you receive the keys to your new home.
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