The Home Loan Process

Lenders

Shelly Kennagh

Embrace Home Loans

Shelley launched her career in the financial services industry in 1996. Since then she has won several awards during her tenure including Member of the Year and the Givers Gain Award. She’s an enthusiastic and passionate problem solver who is known for giving 100% effort to her customers every single day.

Shelley can be described as enthusiastic, driven, passionate, and hardworking, but her bubbly personality is one of the many traits her customers love most.

When she’s not helping customers finance their homeownership goals, Shelley can be found skiing, snowmobiling, or boating with her husband and two daughters.

Julie Poulin

Mortgage Network, Inc.

Debra Bodwell

Residential Mortgage Services, Inc.

Karen Shaw

Androscoggin Bank

I was born and raised in Lewiston, Maine and have been a mortgage professional for 20 years. I find it very rewarding to help my neighbors, family, friends and acquaintances with their mortgage and financial needs. I'd love to help you turn your expectations into opportunities. I enjoy helping working through finance options to find the one that best fits your needs. Integrity is very important, and I don’t leave a stone unturned. I live in the Lewiston area with my husband Peter and dog Sebago, and enjoy spending time with our granddaughter Raelyn every chance we get!

Nancy Richard

Mechanics Savings Bank

Nancy has more than 30 years of experience in the banking industry and lending field. She started her banking career in 1988 and continues her journey with Mechanics Savings Bank – focusing on mortgage and retail lending. Nancy excels in creating solutions for her customers and maintaining strong relationships. Her mortgage expertise includes purchases, Maine State Housing, USDA, construction loans and refinances

Demystifying Home Loans

If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.

Get Pre-Approval

Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.

We Help You Get The Best Loan

Start The Process

We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!

Application & Processing

What happens when a loan goes "live"

When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.

Closing

Signing and Finalizing the deal

Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
Back
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
Back
home

Would you like to schedule a consultation now?

Yes
No
Back

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo
Back

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value
Back