Whether you're buying your first home or a vacation property, refinancing to send your teen to college or investing in real estate at today's low rates, Somerset Lending can help you navigate the mortgage process. It might seem overwhelming at first, but we're here to break down the steps and simplify your experience.

Step 1: Apply

Applying for a mortgage is easy with Somerset Lending. We'll walk you through all the paperwork and help you gather supporting documents, like pay stubs, tax forms, bank statements and the like. We'll evaluate your financial situation and your goals, and recommend the best loan option for you. Because Somerset is a mortgage broker, you'll only need to apply one time, and we'll shop your application around to various lenders to get you the best terms.

Step 2: Get Approved

Your application will be processed by a mortgage professional. At this stage, additional documentation may be requested to fill in any gaps in your financial profile. If you have a specific property in mind to purchase, an appraisal on your potential home may be done at this time. Somerset's staff will work with you to get approved, regardless of your circumstances.

Step 3: Underwriting

Here's where we get down to the nitty gritty. An underwriter will go over every aspect of your application and documents in detail. Again, you may be asked to provide items to further support your financial history and your ability to afford your home. Your Somerset specialist will be there every step of the way.

Step 4: Closing and moving in


When your loan has been fully approved by underwriting, get ready to sign your name 100 times! Your closing paperwork will look like a mountain but remember, on the other side is your brand new home, just waiting for you to move in! We'll set a date for closing, where we'll make your loan official and hand you the keys. Congratulations!