From Application to Closing — Here’s What to Expect with Crestico
At Crestico, we believe that transparency and simplicity are the foundation of a truly stress-free loan experience. By keeping the process clear, straightforward, and easy to understand, we empower our clients to make confident decisions without confusion or hidden surprises.
Check Eligibility
Payment Option
Get Approved
Close the Loan
Repayment & Loan Terms
Understanding the Loan Process
Application review
At the application, the lender will ask you some basic financial questions about your current income, debts and assets available for investment in your new home. The lender will review your credit report, along with any verification needed from your bank, landlord or employer. After the initial approval, the lender will order an appraisal of the property to make sure it’s worth the mortgage amount (since it will serve as collateral for the loan), and a title search to identify potential ownership questions.
When this documentation is complete, you’ll receive notification of a loan decision, and, if approved, a date will be set for settlement.
Approval process
The days of the 45- or 90-day loan decision are gone. Now, processing your application is much faster. If you use our Preferred Partner, the information you submit will be joined electronically with a credit report and submitted through its automated underwriting system, which automatically determines whether your application meets the requirements for approval.