We'll work with you to obtain all documents needed within 7 days of the date of your application, ensuring that everything is complete and accurate, and submit your full application to loan processing.

The loan processor will review your documentation and once complete, will then submit your loan to underwriting.

The underwriter will complete an initial reivew within 24 hours. If any conditions (missing or addition items or information) are required, your loan will be sent back to the processor to clear them and prepare for closing - all within 7 days of the underwriter's initial review. Once complete, the loan will return to underwriting for final review and approval.

The underwriter will issue a clear to close (CTC) and advise the processor, who will inform all parties of the CTC, verify the closing date and time, and place the loan in the closing queue. The closer will have 24 hours to provide closing documentation to the settlement agent.

You'll attend the closing, sign the final documents, and finish the mortgage process!

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Our Products | Your Process

Our Products

As a Brokerage we have the great pleasure of doing the shopping FOR our clients, instead of sending you out to blindly shop for yourselves.

DON'T WASTE YOUR TIME.

Below is a portion of the products we currently offer. This list is continuing to grow just as we are here at IRON are continuing to grow.

Features
✓ Conventional	✓ USDA	✓ ARM
✓ FHA	✓ VA	✓ New Construction
✓ Renovation	✓Jumbo	✓ Doctor Loans
✓ Commercial	✓ Investment	✓ Fix and Flip
✓ Fix and Rent	✓ Bank Statement	✓ DSCR
✓ HELOC	✓ Bridge Loans

Message IRON

The Progression of Your Loan

Milestone One

We'll work with you to obtain all documents needed within 7 days of the date of your application, ensuring that everything is complete and accurate, and submit your full application to loan processing.
Milestone Two

The loan processor will review your documentation and once complete, will then submit your loan to underwriting.
Milestone Three

The underwriter will complete an initial reivew within 24 hours. If any conditions (missing or addition items or information) are required, your loan will be sent back to the processor to clear them and prepare for closing - all within 7 days of the underwriter's initial review. Once complete, the loan will return to underwriting for final review and approval.
Milestone Four

The underwriter will issue a clear to close (CTC) and advise the processor, who will inform all parties of the CTC, verify the closing date and time, and place the loan in the closing queue. The closer will have 24 hours to provide closing documentation to the settlement agent.
Milestone Five

You'll attend the closing, sign the final documents, and finish the mortgage process!

Mortgage Checklist

The following information is usually required during the loan process. Additional documentation may be needed.

Purchase Questions

Finding a loan that fits your life

I am a military veteran

If you're a veteran or other qualified borrower, a VA home loan, insured by the U.S. Department of Veteran Affairs, can provide up to 100% financing with no mortgage insurance. You don't need to be a first-time homebuyer, and you can reuse your benefit.
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Through a USDA rural home loan, purchasing a home in a designated rural area provides 100% financing, flexible credit requirements, and the security of a fixed rate.
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If you don't plan on living in your home long-term, and you'd like a rate that may be lower initially than a fixed-rate mortgage, an adjustable rate mortgage (ARM) might be right for you.
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Whether your dream home is a major fixer-upper or needs minor improvements, an Iron Mortgage renovation loan combines a home purchase and qualified improvement costs in one mortgage.
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More expensive homes often require loans that exceed conventional home loan limits. An Iron Mortgage jumbo loan can provide up to $3 million in financing for your home purchase.
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Iron Mortgage offers many loan programs with low down payments. One option is an FHA home loan, with down payments starting at 3.5%. FHA loans can benefit first-time homebuyers who may need a co-signer on the loan or have less than perfect credit.
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Refinance Questions

Is refinancing the right move for you?

Refinancing a higher-rate loan to a lower-rate loan can help you save on your monthly mortgage payment and improve your immediate cash flow. There are costs to refinancing, so we will be sure to discuss with you your break even point.
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You may have a first and second mortgage on your home. Consolidating them into one loan can save you money and make your payment more manageable.
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If you have an adjustable rate mortgage (ARM) with an interest rate that is about to increase, it may be time to refinance into a fixed-rate loan. You'll want to consider the length of time you plan to stay in your home and the rates available for fixed-rate loans.
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When you choose a cash-out refinance, the money comes from the equity you have built up in your home. Think carefully about the way you will use the money because you are incurring debt with your home as collateral. Investing in education or other expenses with long term benefits may be a good choice.
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A debt-consolidation refinance can help you save money by replacing high interest consumer debt, such as credit cards or installment loans, with a lower rate home loan. Be aware that the debt doesn’t disappear. You are paying those debts with your refinance, so your new home loan will be higher than your old one.
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Using the equity in your home to pay for home improvements can be a good reason to refinance. You are investing money from your home back into your home. Depending on the loan program, there may be restrictions on the types of renovations you can make.
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