Welcome to the University
Buying a home can seem like a daunting task, but it doesn’t have to be. This is where our Core Values and our 
policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying experience. We’ve included some information on the mortgage loan process here to help answer questions.. some of which you may not have even known you had.
This is the Benchmark University. Browse, learn, and enjoy the journey to your new home.
Simplifying the Home Buying Process – 7 Steps
STEP 1 — Prequalifying for a Home Loan
Step 1 - Prequalify
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying experSTEP 2 — Finding a Home
Step 2- Finding A Home
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying experSTEP 3 — Getting a Home Inspection
Step 3 - Inspection
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying experSTEP 4 — The Home Appraisal
Step 4 - Appraisal
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying experSTEP 5 — What is Underwriting?
Step 5 - Underwriting
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying experSTEP 6 — Going to Closing
Step 6 - Closing
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying experSTEP 7 — Funding the Loan
Step 7 - Funding
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
I know the videos don’t cover everything
What will you need to do to get the mortgage you need, and to close on your new home? Would you like to see the steps for buying your home in a colorful interface? Whether you are purchasing, or even if you are refinancing…
We have an app for that.
What Paperwork Will We Need?
In order to apply for a new mortgage, we will ask you to provide us with some documentation that we will need for the mortgage loan process. We will request a copy of your credit report from a credit agency and will verify the information provided in your loan application.
Be prepared to provide us with:
- Social Security numbers for all borrowers
- Copies of CHECKING and SAVINGS accounts statements for the past 2 MONTHS
- Evidence of other ASSETS such as STOCKS, BONDS, or 401K
- Recent PAYCHECK STUBS
- W-2 FORMS or INCOME TAX RETURNS for the past 2 YEARS
- The NAME and ADRESS of your EMPLOYER
- RESIDENCE HISTORY for the past 2 YEARS
- SALES CONTRACT for the purchase of a new home
- HOMEOWNER’S ASSOCIATION information (if applicable)
Download Our Helpful eBooks, FREE!
8 Tips for Stress Free Home Buying
Congratulations, you’re ready to buy a home! Download our free eBook, “8 Tips for Stress Free Home Buying” and discover what to expect during your home buying experience. Learn how much home you can afford, pro tips, determine what you need, and work smarter.
29 Tips for Selling Your Home Fast
Do you want to know the secret to selling a home? In a short answer, it’s setting it up how a buyer wants to see it. Download the free Benchmark Mortgage eBook “29 Tips for Selling Your Home Fast” and discover the unique pro tips you’ll need to create a marketable home.
The 20 FAQ’s of Short Sales
What is a short sale? Do you qualify? Do I have to be delinquent to get it? How long does it usually take? Where do I even begin? Short sales can be a stressful experience if you do not understand what it is you’re getting into. Download the Benchmark Mortgage eBook “20 FAQ’s of Short Sales” and discover the truth to this challenging loan scenario.
4 Reasons Your Home Didn’t Sell
Because the mortgage process is so complex, sellers are often left with their hands in the air. We talked to some of the best in the business. Download the Benchmark Mortgage eBook “4 Reasons No One Bought Your House” and discover how you can improve your chances of selling your home.
Frequently Asked Questions
What will a Loan Officer look at when I apply for a mortgage?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
How much cash do I need to buy a house?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
What is the difference between a fixed rate and adjustable rate mortgage?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
What does it mean to get Pre-Approved for a home mortgage loan?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
What is the first thing a Loan Officer does for me?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
Should I pay discount points on a mortgage loan?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
How much house can I afford?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
Can someone give me money for my down payment?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
How does my credit affect getting a mortgage loan?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
Why should I buy a home instead of rent?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying experWhy should I buy a home instead of rent?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper
What does a mortage payment include?
Welcome to the University Buying a home can seem like a daunting task, but it doesn't have to be. This is where our Core Values and our policy really shine. We do all we can to make it easy for you. But we know that you still want to know more. You should feel comfortable with your home-buying exper