Products
Home
Your Loan Process: What Actually Happens
From Application to Keys in Your Hand
I know applying for loans can feel overwhelming, especially when you don't know what to expect. So let me walk you through exactly what happens when you decide to move forward - no surprises, no confusion, just the real process from start to finish.
Think of this as your roadmap so you know exactly what's coming next at every step.
Step 1: Submit Your Application
What you'll do:
  • Fill out the online application (takes about 20 minutes)
  • Pay the $495 processing fee to get things started
  • Important: You'll need a business entity (LLC with EIN number) - if you don't have one yet, we can help you get set up
What happens next: Your application goes into the system and you get assigned your personal loan representative.
Timeline: This happens immediately once you submit.
Step 2: Meet Your Personal Loan Rep
Here's what I love about this process - you're not just a number in the system. You get assigned your own dedicated loan representative who will be your main contact throughout everything.
What to expect:
  • She'll call or email you within 1-2 business days
  • Schedule a convenient time to talk about your specific project
  • Review your deal and help you pick the right loan product
  • Answer all your questions (and trust me, she's heard them all before)
This is your person - she's there to make sure you understand everything and feel confident moving forward.
Step 3: Project Review & Terms Discussion
This is where it gets real. Your loan rep will walk through your specific deal and explain exactly how the numbers work for YOUR situation.
What you'll cover:
Your property details and renovation plans
Which loan product fits your goals best
Exact rates, fees, and payment schedule
Timeline for your project
Any questions or concerns you have
No pressure, just information so you can make the best decision for your situation.
Step 4: Document Preparation
Here's where Tammy (your broker - that's me!) comes in. I'll help you get all your documents organized before we submit them. No scrambling around at the last minute trying to find paperwork.
1
LLC formation documents
2
Operating agreement
3
Driver's license
4
Articles of incorporation
5
Bank information
6
Insurance documents (if needed)
I'll help you with every single document - what it is, where to get it, how to make sure it's right. We'll put everything in a shared Google folder so it's organized and easy to access.
Step 5: Conditional Approval
Once you accept the loan terms, your file moves into conditional approval. This means the lender starts verifying everything and doing their final review.
What's happening:
  • Underwriting team reviews your documents
  • They might ask for 1-2 additional items (totally normal)
  • Everything gets verified and double-checked
You're in the driver's seat here - if they need anything else, we'll handle it together.
Step 6: Clear to Close
This is the exciting part! When underwriting gives the green light, you get "Clear to Close" status.
What happens:
Your closing coordinator contacts you
They guide you through the final steps
Closing gets scheduled
You're almost at the finish line
Timeline: Usually 7-14 business days from application to this point.
Step 7: Closing & Initial Funding
At the closing table, the title company releases funds for your property purchase. Your rehab money gets put in escrow (like a savings account) that releases as you complete work.
What you get:
Keys to your property
What you get:
Funds for purchase
What you get:
Rehab money ready to be released as you complete milestones
You officially own the property and can start your project.
Step 8: Project Kickoff
Now the real work begins! You can share your loan documents with your contractor and get started.
Need a reliable contractor? I recommend QuickFlip Construction - they even offer a "Kickoff Loan" to help get work started before your first draw request. Just ask me about connecting you with them.
This is where your vision starts becoming reality.
Side Note: I have a construction team that is ready to go for 48 USA states.
Step 9: Draw Requests (Getting Your Rehab Money)
As your contractor completes work, you'll request money from your rehab escrow account.
Contractor completes a milestone
(like kitchen demo)
You submit a draw request
with photos and documentation
Work gets verified
(usually quickly)
Funds get released
to pay your contractor
Most draw requests are approved and funded quickly - no waiting weeks for your money.
What Makes This Process Different
Here's why I love working with these lenders:
Dedicated personal rep
you're not calling a 1-800 number
7-14 day timeline
not 45-60 days like traditional banks
Transparent communication
you know what's happening at every step
Available support
your business development manager is there when you need them
You're not just getting a loan - you're getting a team that wants you to succeed.
The Bottom Line
This process is designed to be straightforward and supportive. Yes, there are steps and documents, but you're not doing it alone.
Between your loan rep, me as your broker, and the support team, you have people making sure everything goes smoothly from start to finish.
Ready to get started?
In 7-14 days, you could be holding the keys to your next investment property.
The hardest part about real estate investing isn't the process - it's making the decision to start. Once you do, we handle the rest.