Mortgage guides & resources
4 plain-language guides on how the loan process runs: what a document request is for, what a payment example includes and leaves out, and where a number comes from. For the figures on your own file, talk to your loan officer.
Showing 3 of 4 guides
- For buyers & agents1 min read4 sections
Assumable loans: the basics
Some government-backed loans can be assumed by a qualified buyer at the seller's existing rate. What that means and what it takes.
Covers: What an assumption is · The catch: the equity gap · Qualification still applies · For listings
Read the guide - For buyers & agents1 min read4 sections
The mortgage process, start to finish
The four stages a purchase loan moves through, and who does what at each one: application, processing, underwriting, closing.
Covers: Application and pre-approval · Under contract and processing · Underwriting and conditions · Clear to close and closing
Read the guide
A guide explains the process. A loan officer runs your numbers.
Loan officers are licensed by state, and each one applies through their own official ALCOVA application.
These guides are general information, not financial advice or loan terms. ALCOVA Mortgage LLC, NMLS #40508. Equal Housing Lender.