We love our clients and it shows – We are proud to have over 150 ⭐⭐⭐⭐⭐ Google reviews!
Great leadership! I love that Foundation lets businesses use their facilities to do events.
Vernon CorumSo glad we worked with foundation mortgage to buy our first home! Josh and Austin were super knowledgeable and responsive throughout the whole process, you just can’t replicate that piece... read more
Antonio GomezGoing into buying our first home, we had only heard how difficult the purchasing process was, but Lorie and team made it the most stress-free, easy process ever! We are... read more
Kaci StockwellJosh was great to work with. He was very quick to respond to all questions. I would highly recommend Josh for all of your mortgage needs.
Sheila CoffeyLori Wison has help me in two home purchases. She is wonderful and helpful to work with I will never use anyone but her she has made my experience ten... read more
Willie ScarbroughLorie Wilson did a fantastic job. She has helped me with a loan on a personal property and investment property. I have worked with many lenders, and Lorie is a... read more
Nicholas DodsonNishawn couldn't have been better! My income is mixed between both w2 and 1099 money so I was a hassle to deal with, but Nishawn was responsive and cool... read more
THE BRAJCASTWorked with Josh Travis. Very strong communication skills and excellent customer service.
hunter whiteWhat a wonderful experience we had in purchasing a new home in Tennessee. Josh Travis was very responsive with all are questions and walking us through the process with a... read more
sue irvineGreat leadership! I love that Foundation lets businesses use their facilities to do events.
Vernon CorumSo glad we worked with foundation mortgage to buy our first home! Josh and Austin were super knowledgeable and responsive throughout the whole process, you just can’t replicate that piece... read more
Antonio GomezGoing into buying our first home, we had only heard how difficult the purchasing process was, but Lorie and team made it the most stress-free, easy process ever! We are... read more
Kaci StockwellJosh was great to work with. He was very quick to respond to all questions. I would highly recommend Josh for all of your mortgage needs.
Sheila CoffeyLori Wison has help me in two home purchases. She is wonderful and helpful to work with I will never use anyone but her she has made my experience ten... read more
Willie ScarbroughMeet the Team at Foundation Mortgage
Loan Officer | NMLS: 1900227 | TN, NC, SC, AL, FL
Use our free calculator tools to see your ideal monthly payment or to see what loan options are available to you.
Overview of the process for buying or refinancing with Foundation Mortgage
The first step in securing a home loan is to fill out a loan application. Depending on what works best for you, you can either complete the application online or meet face-to-face with one of our loan officers. Once the application is completed, the loan officer will discuss your overall financial goals and then provide you with loan program options. Your loan program options are determined by many variables including;
The loan officer’s goal is to clearly document your financial qualifications for the loan which you have applied. In order to achieve this, the loan officer will ask you to provide some documentation that supports your income and assets such as:
Once the documentation has been gathered, we will then verify your employment history and assets. We will also obtain your credit report, order the preliminary title report from the title company, and order your property appraisal. Once this information is returned to us, we will submit the file to the underwriter for approval.
The Underwriter is responsible for ensuring that your loan file meets the qualifying guidelines. During their review, it is not uncommon for the underwriter to ask for additional documentation and/or clarification on different areas of the file. These are called “conditions”.
Your loan may be approved as submitted, approved with conditions, or a counteroffer may be made for your consideration. If there are conditions to the loan approval, your loan officer will work with you to satisfy these conditions. Examples of conditions may include explanation letters, copies of financial documents, divorce papers, or any number of items that will clarify your qualifications for the loan.
After the loan conditions are met (if any), the necessary loan documents are prepared for closing. The lender will prepare the necessary documents to be signed by you. Your escrow officer or attorney will arrange for an appointment with you when the loan papers are ready to be signed.
We work alongside the closing attorney to assemble the final paperwork and confirm the total funds needed for the closing day. Everything we do leading up to this point ensures that the closing table is a smooth and exciting experience. Now, enjoy the moment as you receive the keys to your new home.
Legal and Consumer Information
NMLS# 1387311, AL #23266, AR #1387311, FL #MBR5867, GA #1387311, KY #MB852528, NC #B-214180, SC #1387311, TN #125388
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