Building Your Perfect Home
Our mortgage experts will walk you through every step of the process, and they’ll help you find the exact loan options that will be best for you and your home. Here are the steps you can expect:
The Application Stage
The first step in the process is to meet with your mortgage loan originator (MLO) to discuss your loan options and get you prequalified. Your MLO will guide you through the application process and help you make sure you have all the required information to ensure a complete application. There are several steps that comprise the application process, including:
1. Initial disclosures
2. Processing
3. Appraisal and Title Work
4. Final underwriting and closing
The Construction Stage
During this phase, you’ll be directly communicating with your builder and a construction administrator, who orders progress inspections to ensure the work is complete and disburses the money for the completed work. A week or two after your closing, you’ll receive your login credentials for the United Construction Management System, which allows you and your builder to see the breakdown of what money has been spent and what is available.
5. Inspections
6. Disbursements
7. Payments During Construction
The Modification Stage
Once your home is complete, you’ll receive the Certificate of Occupancy. You’ll be able to close out your construction loan, and your new loan will be assigned to your loan originator and a modification processor to handle the final details below:
8. File Update with Modification Processor
9. Meet with Mortgage Loan Originator
10. Modification Signing
Contact Your Local Lender
.png?width=140&height=140&ext=.png)
.png?width=135&height=135&ext=.png)
Connect with a local lender.
Fill out the form below or call 1-800-914-8224 to get in contact with the Mortgage Services team.
Have a question about an existing home loan? Call 1-800-UCBANK1 (1-800-822-2651) and choose Option 6 to connect directly with our loan servicing experts.
