CLAY CARROLL

Summary of the Loan Process

PURCHASER

• Contacts Loan Officer for financing information

• Gathers information needed for application

• Starts looking for new home

• Discusses qualifying, monthly payments, and cash needed for closing

• Explains various loan programs available and quotes interest rates

• Assists you in completing the loan application

• Leads the team to ensure excellent customer service

PROCESSOR

• Communicates with you on items necessary for your loan closing

• Pre-underwrites and prepares loan for approval

• Works with all parties

UNDERWRITER

• Renders final decision on your loan

• Requests additional documentation from you

• Works directly with Loan Officer and Processor to approve your loan

CLOSER

• Assembles package for your closing day

• Sends package to Settlement Company

CLOSING ATTORNEY

• Prepares Settlement Statement and e-mails it to the lender for review

• Contacts you to review the settlement figures and cash for closing 24 hours prior to closing

CLOSING

• Takes place at Settlement Company’s office

• Bring a certified check to closing

• Bring Driver’s License to closing

• CONGRATULATIONS on your new home!

Disclosure:  This is not a guarantee to extend consumer credit as defined by Section 1026.2 of Regulation Z. Programs, interest rates, terms and fees are subject to change without notice. All loans are subject to credit approval and property appraisal. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org ). Clay Carroll NMLS ID 513125 Licensed in VA. Equal Housing Lender.

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NOT ACCEPTING NEW YORK APPLICATIONS. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia Residential Mortgage Licensee (Lic. #23135), Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org). Privacy Policy.

Clay Carroll

Sr. Loan Officer

1 Park West Circle, Suite 106, Midlothian, VA 23114

NMLS# 513125