1. Sign Initial Disclosures

    Your Loan Originator will finalize your initial disclosure package including your loan estimate and send it to you to review. You will consent to signing and receiving documents electronically, then sign your initial disclosures.

  2. Verifications ordered

    Your loan processor goes to work getting your file in order. The property appraisal, title report, and verifications are ordered. You will receive a list of documents or other information you need to provide before your file can be submitted to underwriting.


    Gather any supporting documents and send them to your loan originator. Keep things simple by using the mobile app to upload your documents!


    Your processor will gather and sort any supporting documents your provided, then submit your file to underwriting for the conditional approval.

  5. Conditional Approval

    If everything in your file is in order, the underwriter will issue a conditional approval. Your loan originator or processor will explain the conditions to you and let you know if any additional documents are needed.

  6. Resubmit to underwriter

    Your team at NRL will work on clearing the conditions they are responsible for while you gather any additional documentation that was requested. Your processor organizes your file and prepares it to be resubmitted to underwriting for a clear to close.

  7. Clear to Close

    Once a Clear to Close is issued, your file is sent to the closing team and you'll receive your Closing Disclosure. You're three days away from owning a new home! Don't forget to bring verified funds and your photo ID to closing, and get ready to celebrate!

  • Amarillo

    Jared Zirkle | Branch Manager

    5701 Times Square Blvd Suite 330 Amarillo, TX 79119
  • Arlington

    Cody Reid | Branch Manager

    2715 W. Green Oaks Blvd Arlington, TX 76017
  • Big Bear Lake

    Tony Votaw | Area Branch Manager

    42718 Moonridge Road Big Bear Lake, CA 92315
  • Brownsville

    Mario Garza | Branch Manager

    4002 Paredes Line Rd Suite 17 Brownsville, TX 78526
  • Camp Verde

    Tony Votaw | Branch Manager

    567 S. Main St. Ste. G Camp Verde, AZ 86322
  • Central Austin

    Cody Reid | Branch Manager

    8900 Business Park Drive Austin, TX 78759
  • Chicago

    Ken Stringer | Branch Manager

    625 N. Michigan Avenue Suite 2350 Chicago, IL 60611
  • Corpus Christi

    Dante Miller | Branch Manager

    5110 Wilkinson Drive Suite 110 Corpus Christi, TX 78415
  • Covina

    Tony Votaw | Area Branch Manager

    324 A East Rowland Street Units 324-336 Covina, CA 92723
  • Crownhill Park

    Nick Drake | Branch Manager

    85 NE Interstate 410 Loop Suite 620 San Antonio, TX 78216
  • Dallas

    Chima Egwaugu | Branch Manager

    5910 N. Central Expressway Suite 1955 Dallas, TX 75206
  • Detroit

    Nicole Fraley | Branch Manager

    47757 West Road Suite C104 Wixom, MI 48393
  • Edinburg

    Mario Garza | Branch Manager

    3043 W Alberta Rd Edinburg, TX 78539
  • Florence

    Martin O'Brien | Branch Manager

    6900 Houston Rd, Unit 28 Florence, KY 41042
  • Friendswood

    Christopher Basso | Branch Manager

    804 S. Friendswood Drive Suite 118 Friendswood, TX 77546
  • Galleria

    Nicholas Salem | Branch Manager

    1900 St. James Place Suite 750 Houston, TX 77056
  • Honolulu

    Travis Matthews | Branch Manager

    1415 Koko Head Avenue Honolulu, HI 96816
  • Jonesborough

    Bob Frick | Branch Manager

    806 E Jackson Blvd. Suite 2 Jonesborough, TN 37659
  • Katy

    Rob Lewis | Branch Manager

    920 S. Fry Road Katy, TX 77450
  • Lake Creek

    Will Moore | Branch Manager

    12885 Research Blvd. Suite 205 Austin, TX 78750
  • Lawrenceburg

    Pat Kemper | Branch Manager

    110 W Eads Pkwy Lawrenceburg, IN 47025
  • League City

    Matthew Hyde | Branch Manager

    4440 W Main St. League City, TX 77573
  • Magnolia

    Jared White | Branch Manager

    7214 FM 1488 Road Suite 103 Magnolia, TX 77354
  • Midtown

    Corey Kirven | Branch Manager

    3220 San Jacinto Houston, TX 77004
  • Montgomery

    Chad Curtin | Sales Manager

    9675 Montgomery Rd Suite 102 Cincinnati, OH 45242
  • Mt. Adams

    Caveh Azadeh | Branch Manager

    1111 Saint Gregory Street 6th Floor Cincinnati, OH 45202
  • Mt. Dora

    Scott Shannon | Branch Manager

    2764 Dora Ave Office C2 Tavares, FL 32778
  • Naples

    Kim Escarra | Branch Manager

    2102 S. W 20th Place Unit 202 Ocala, FL 34471
  • New Orleans

    Tyler Helm | Branch Manager

    110 Veterans Blvd Suite 307 Metairie, LA 70005
  • North Austin

    Moises Rivera | Branch Manager

    814 West North Loop Unit B Austin, TX 78756
  • Ocala

    Scott Shannon | Branch Manager

    2102 S. W 20th Place Unit 202 Ocala, FL 34471
  • Pacific Northwest

    Tony Votaw | Branch Manager

    103 Corrin Ave NW Orting, WA 98360
  • Rancho Bernardo

    Tony Votaw | Branch Manager

    16486 Bernardo Court Drive Suite 368 San Diego, CA 92128
  • Rowlett

    Cynthia Rock | Branch Manager

    5910 N. Central Expressway Suite 1955 Dallas, TX 75206
  • Seabrook

    Abraham Gallagher | Branch Manager

    3101 NASA Road One Suite I Seabrook, TX 77586
  • South Austin

    Shawn Muncy | Branch Manager

    8700 Manchaca Rd Ste 603 Austin, TX 78748
  • South Houston

    Mark Goins | Branch Manager

    100 Perkins Ave Suite D-E League City, TX 77573
  • Spring

    Winn Molnari | Branch Manager

    715 E. Main Street Suite 500 Tomball, TX 77375
  • Spring Branch

    Princess Pulido | Branch Manager

    2855 Mangum Rd Suite A330B Houston, TX 77092
  • Springfield

    Cynthia Rock | Branch Manager

    205 Park Central East Office 316 Springfield, MO 65806
  • Sugar Lakes

    Pablo Contreras | Branch Manager

    4400 Post Oak Parkway Suite 1000 Houston, TX 77027
  • Sugar Land

    Rob Lewis | Branch Manager

    4500 Highway 6 Suite B Sugar Land, TX 77478
  • The Heights

    Chad Freeman | Branch Manager

    6807 Wynwood Lane Suite B Houston, TX 77008
  • The Woodlands

    Brent Powell | Branch Manager

    33018 Tamina Rd Ste 10 Magnolia, TX 77354
  • Thornton

    Cody Reid | Branch Manager

    12789 Emerson St Suite 270 Thornton, CO 80241
  • Victoria

    Will Moore | Branch Manager

    5606 N. Navarro Suite 300-B Victoria, TX 77904

Affordability Calculator

How much you can borrow from a lender? Use this calculator to calculate the amount you can afford from the lender's point of view.

How much will my payment be?

Calculate your monthly payment with applicable finance charges, PMI, hazard insurance, and property taxes.

Rent vs. Buy

Still renting an apartment and thinking about a home purchase? This calculator can help you compare renting vs. owning.

Mortgage Principal Calculator

This calculator allow you to "peek into the future", allowing you to see the remaining balance of your mortgage after several months or years of payments.

What exactly does "pre-qualified" mean (or pre-approval vs approval)?

The term "pre-qualified" can have different meanings depending on the lender. A pre-qualified generally means that you have provided your personal information to the lender (including income, assets and employment) and the lender has obtained a credit report and reviewed your credit history. If you receive a pre-qualified this means that based on your credit report and the information you provided the lender, you will qualify for a specific type of mortgage up to a certain loan amount. An approval takes this a step further by submitting a full loan application to the lender, including income, asset and employment information, such as paystubs and bank statements. An underwriter for the lender will review this information along with the credit report and make a final determination on your eligibility for a specific type of mortgage and a specific loan amount. are not limited to a 5% down payment, 620 minimum credit score, and Fixed or Adjustable monthly payment options. Also known as Conforming Loan.

Can I still get a loan if I have bad credit?

You can! There are many loan options available regardless of credit profile. Depending on the exact nature of the credit issues it may be possible to obtain a loan with as little as 3.5% down. More severe credit issues may require a down payment as high as 20% down. The best thing to do is talk to a Loan Originator to determine what options are available

What is an FHA loan?

An FHA loan is a loan that is a mortgage that is insured by the Federal Housing Administration (FHA). This insurance helps protect the lender in the event a borrower defaults on their mortgage, which in turn allows the lender to offer less restrictive guidelines since the loan is guaranteed. FHA loans are available for as little as 3.5% down and it may be possible to obtain financing with a credit score as low as 500.

What type of mortgage should I apply for?

This is the main reason to work with a Loan Originator. In a 2017 survey conducted by Harris Poll, 44% of Americans believe you need a down payment of 20% or more to buy a home. Conventional loans are available for as little as 3% down, FHA loans as little as 3% down and VA and USDA loans as little as zero down. Jumbo loans up to $1.5 million are available with as little as 10% down. Loans for borrowers with recent credit events, such as bankruptcies and foreclosures or self-employed borrowers who cannot qualify with the income listed on their tax returns may have options available with as little as 10% down. With the high volume of loan products available these days, not working with a Loan Originator could result in choosing the wrong product which could cost tens of thousands of dollars over the life of the loan.

What are the benefits of VA loan?

Veterans have rightly earned special benefits in our country. One of the most treasured is the VA loan. A VA loan generally requires no down payment and, unlike most other loans with little to no money down, has no monthly mortgage insurance. VA guidelines are also more flexible to allow as many veterans as possible to realize the American Dream of homeownership.

What are closing costs?

Closing costs are fees associated with buying or refinancing a home. Even individuals paying cash for a home will have closing costs. The amount of closing costs vary based on whether or not you obtain a mortgage, the lender you use and the type of loan you obtain. Closing costs are one-time fees due when you show up for your loan closing.

How does refinancing work?

In most cases, refinancing is the act of paying off an existing mortgage on a home using a new loan that has more attractive terms. More attractive terms could mean a lower interest rate, a shorter loan term to pay the home off more quickly, or accessing the equity in your home for cash-in-hand. The loan process for refinancing is very similar to that of purchasing a home, however, some programs allow for 'streamline' options where employment, income, assets and/or appraisals may not be necessary. A qualified Loan Originator will be able to help guide you to the best refinance option for your situation.

What is a conventional mortgage?

Technically, a conventional mortgage is one that is not backed by the government, which can include a mix of different mortgage types. When most people talk about conventional mortgages, they are referring to conforming mortgages which are loans that 'conform' to guidelines established by Fannie Mae and Freddie Mac. These two government-sponsored entities (GSEs) purchase loans from lenders and then sell them to investors in what are called "Mortgage Backed Securities". By purchasing these loans, Fannie Mae and Freddie Mac free up the lender's money so they are able to lend it again which makes mortgages more widely available. Conforming loans are available with as little as 3% down. Conforming loans generally require a credit score of at least 620.