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| 1. Contacting Sun State
Savings |
| When you need a rate quote or questions answered you can call Sun State Savings at (800) 240-7306 or (480) 585-1616 Monday through Friday 8 AM to 5 PM MST. At any time in your
shopping process, highly skilled loan originators will be happy to assist you
in finding the program that best suits your borrowing goals. Our staff is
trained to give you straightforward, honest answers that make getting the right
loan easy. Whether you want a Good Faith Estimate, Pre-qualification, or even
Pre-approval, you never have to leave your home or office Sun State Savings
will gather the proper information over the phone and fax or mail the necessary
documents directly to you. At Sun State Savings the customer can check our
fees, closing costs, communicate with our staff through
e-mail, submit a
pre-qualification, and even apply for a mortgage 24 hours a day, seven days per week.
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| 2. Applying |
| There is no longer a need to
drive to a loan office and spend hours wasting time. With Sun State Savings you
can submit your loan application by phone (800) 240-7306 or (480) 585-1616 with
a loan originator instantly; the process takes about five minutes! You can also
apply on-line at this web-site or by fax. |
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| 3. Confirmation of
Application |
| Within 24 hours you will be
sent complete documentation relating to your loan, much of it already filled
out, for your approval and signature. This package will include a Good Faith
Estimate of Settlement Charges, a Finance Agreement, a Federal Truth-in-Lending
Disclosure statement, and a list of documentation Sun State Savings requires to
expedite the processing or your loan. You will be requested to return these
documents in a timely manner by mail or by fax, our fax number is (480)
585-8565 |
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| 4. Processing
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| Once the processing center
receives your application they pre-screen your file based on income and credit
worthiness. An Appraiser local to your area will be commissioned to review the
property. A Processing Agent will be assigned to your file acting as your point
of contact for any questions relating to your loan. Once Sun State Savings
receives your completed application the file will then be submitted to
underwriting. At this point, we will select the Title Company Settlement agent
you wish to have handle your closing. |
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| 5. Underwriting
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| The decision to approve or
deny a loan is based upon several basic factors: credit, income, debt to income
ratio's, cash saving and property appraisal. The underwriting process typically
takes 24 hours. If any issues arise during the underwriting process your Sun
State Savings Processing Agent will immediately contact you with instructions
on how to satisfy underwriting conditions. |
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| 6. Closing |
| After you have been approved,
Sun State Savings will prepare the closing documents that will be supplied to
the closing agent of your choice. Since you can choose your own settlement
agent, you have the flexibility of choosing the time and place of the
closing. |
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