Purchases & Refinances - FHA · Conventional · VA · USDA
Your Home Loan Specialists serving Tulare, Fresno and Kings Counties!
Your Local & Friendly Home Loan Experts in Tulare, CA
Ida’s Direct Mortgage is a local company committed to serving Tulare, Visalia and the Central Valley with personalized home loan services. With over 30 years of experience in the industry and outstanding customer service, you'll appreciate the difference.
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At Ida’s Direct Mortgage, a Tulare Mortgage Company, we’re all about building relationships with our customers. We take the time to listen and we’ll work with you to find a home loan that fits your needs. As a local lender, every step of the mortgage loan transaction—processing, underwriting, closing, and funding—is handled locally, which often results in quicker closings.
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Call us today and one of our team of friendly and experienced loan officers will make every effort to find the best loan program and pricing for your situation. We look forward to working with you!
HOW WE CAN HELP:
FHA LOANS
Low Down Payments,
Great for first time homebuyers!
Ida S. Walters-Pratt
Loan Officer and Branch Manager
NMLS #280916
Serving Tulare + Beyond
for Over 30 Years
I've been in the mortgage industry for 30 years and have enjoyed working with every one of my customers as they purchase and refinance their homes. We are thankful for your friendship and we look forward to continuing to be your local, friendly lender! - Ida
HOW WE CAN HELP:
REFINANCES
Have home equity?
Get cash out to pay off bills!
The Ida's Direct Mortgage Experience
Here's a quick explanation of everything that goes on when buying a home
1. You apply and share your information
Provide important information for loan application
Set price range & determine down payment amount
Compare Loan Options and Monthly Payments
Get Pre-Qualification
Begin shopping for homes
What information do I need to provide?
We've created a handy list of items you'll need to provide in order to get pre-qualifed. Once you submit these key documents, we'll check your credit and verify all of the information. In some cases, we may ask for additional information.
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What does it mean to be pre-qualified?
All of the client’s documentation is reviewed by both the loan officer and senior management to confirm that you are good to make an offer. It's highly recommend getting pre-qualified before making an offer on a home.
It's super important to remember these few things once you've entered the loan process. By doing any of the following, it can hurt your chances of getting your dream home.
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DO NOT:
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Change or Terminate Employment
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Apply for New Credit
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Purchase Major Items
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Miss Any Payments (could damage your credit score)
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Shift Money Between Accounts
2. We confirm property information
Offer is accepted
Open Escrow (Title Search)
Get property inspection
Get property appraisal
Once your offer is accepted, your agent will open escrow. We will set up the file and request escrow/title fees. Then we will meet with you and review numbers based off of the sale price. At this time you and your agent will also do any home inspections listed in the offer.
What's going on behind the scenes?
Basically, we're making sure that the property is valued correctly. We verify this through an appraisal panel of professionals. Your file is also reviewed by our head processor. We coordinate all of this for you and will let you know if additional documentation is needed.
3. We assemble your loan package for approval
We triple check loan package and review appraisal
Loan submitted for final approval
Sign Final Closing Disclosures
Once we receive the appraisal, your loan package is assembled so that we can submit your file into underwriting for final approval.
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After all reviews are completed and approved, your closing disclosures are issued to be signed.
4. You sign and celebrate!
Sign final paper work
Bring in cash needed to close
Congrats! You now own a home!
What happens during the closing?
After your loan is approved, all loan documents will be drawn and sent to escrow/title company to prepare the final closing statement with all fees listed. At closing, you will review and sign all final documents at the title company or with a notary approved by the title company.
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We re-review the loan documents one last time and request any final conditions needed to fund your file. Once received, we will wire funds to escrow, funding the loan. The title company then records the deed of trust at the county recorder’s office and escrow/loan file is closed. The home is officially yours!
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We know that this process goes by quickly and want you to feel comfortable with the process. We are always here to answer any questions you may have.
5. We stay in touch
Refinances
Any mail or solicitations about rates
Any questions or concerns you may have
Do you offer other loan services?
Yes! We also do refinances and would love to work with you and your family in the future. Contact us about refinance specials for our past clients!
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After your loan closes, our services don't stop there! We're always available to answer questions or concerns you may have. Often times after purchasing or refinancing you may get mail where companies are soliciting different rates or mortgage deals... bring them in and we can discuss them with you!
