OUR ​LOCATION

​​Buying a home is an exciting yet stressful time, especially if you're a first time home buyer. Many buyers don't realize that there's a lot of prep work to do before you even start looking at homes. For example, did you know that real estate agents and sellers consider a pre-approved buyer's offer more attractive than the same offer from a buyer who has not been pre-approved?

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This section will give you a good Idea of the mortgage process and the time frame involved. The knowledge will help you feel more comfortable as you go through the steps and it will also help you spot any red flags along the way if they should appear. The type of loan you are applying for will determine the length of time required to approve and close your loan as different loan types require different documentation.

As an example, If you have good credit and lots of equity in your home and you are applying for a 2nd mortgage the lender may not require an appraisal. If you are getting a Line of credit on your equity, that documentation can be completed with some lenders in a matter of weeks. If you qualify for automated processing (DU or LP) it is sometimes possible to close in less than 30 days, sometimes even in as little as 15 days.

Your loan originator should walk you through the process up front so you will know what to expect. Typically, most loans take 3 to 6 weeks to close with us.

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Refinancing your mortgage has become easier and our team works not only to get you the best terms for your mortgage but also ensures a smooth and fast closing. Refinance your mortgage to get lower payments, shorter term or to cash out your equity.

Seguro Financial Services has the copyright for Seguro Loans and seguroloans.com including all information on this website. The product and information advertised on this website does not constitute to be a loan approval or a loan guarantee. The loan approval is subject to a thorough review of your profile and documents by the underwriting team.

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Having a clear understanding of the loan process is extremely important as these steps would give you a clear picture of what we expect from you and what you could expect from us. 

The loan process could differ slightly based on the loan program chosen however the below mentioned steps are pretty much standard across all loan programs:



  • Apply for a loan - The mortgage application process is where you fill out the application, sign various forms that authorize the us to process your loan, and deliver your documentation requirements, such as bank statements, pay stubs, W2's, etc.  You should understand that the next process cannot begin until these documents are completed or received thus it's imperative that you get your documentation in within 48 hours of completing an application. ​


  • Mortgage Processing - When all of your documentation is received it, the loan file gets assigned to a processor who verifies and validates all of the information to be true and correct. Verification requests may be sent to your employers, mortgage holder/landlord and lending institutions. This is done electronically when possible. It is usually during this time frame that the appraisal and the title policy are ordered. When all the information is collected, the processor then verifies that basic lender loan requirements have been met. The loan file is then packaged in a manner the lender specifies. The completed package (including the appraisal and title report) is then sent to the underwriting department to a lender specified location.

  • Mortgage Underwriting - The underwriter reviews your loan package to make sure it conforms to all the guidelines required for that loan product. They also review the appraisal and title report and may do additional validation of employment, mortgage payments, and credit and anything else they feel is necessary to document your loan. They have ultimate power and decision authority over the approval of your loan. The time required to do this is driven by the volume in the market. Most lenders today use Automated Underwriting, the advantage is less documentation and it speeds up the process. The computer actually makes the approval decision and the underwriter only reviews the supporting documentation and the appraisal. However, if any documentation is missing, inaccurate, or does not agree with the loan application, the loan will be kicked out of this system until documentation requirements are met or the loan is turned down or resubmitted.


  • Conditions To Close - When the underwriter is done reviewing your loan they will send "conditions to close" to your processor. These are normally just requirements for further documentation to support your file. When these needs have been satisfied the underwriter will give a final approval and clear to close.


  • Clear To Close - When the processor gets the clear to close they then schedule and coordinate with all the parties the time and location to sign the final documents to close the loan. This normally only takes an hour to schedule.


  • Draw Documents - When everything is scheduled the lender then draws the document package and sends it to the closing company. This can be done by overnight delivery, fax, or electronically. It can take one to two days. You meet, sign the papers, and close the loan.


You will be assigned a processor who will work very closely with you to get your loan closed on time, respond in a timely manner to the documentation or information requested which would help us expedite the loan process for you. All document requests needs to be completed and submitted by you to your processor no later than 48 hours after notification.