During the mortgage loan approval process, a mortgage loan underwriter verifies the financial information that the applicant has provided as to income, employment, credit history and the value of the home being purchased. An appraisal may be ordered. The underwriting process may take a few days to a few weeks.

When you take out a mortgage, you borrow money from a lender to buy your home. A mortgage is a secured loan with your home as collateral, so the lender will hold the title to the property until the loan is paid in full. You will make payments on the loan each month, including interest, until it is paid off.

Guarantee Loan Company Bad Credit Personal Loans – Anyone may be qualified. Have Poor Credit? Bad credit or no credit are not reasons to be disqualified for an online loan. Online lenders we work with, make loan approval decisions based on more factors than just your score. Anyone can be approved!

Whether you're a first-time homebuyer, a seasoned homeowner, or looking to refinance your home loan mortgage, BECU can help. Schedule your home loan.