Couple working with a loan officer

Most Important Factors When Choosing a Loan Officer

Buying a home is one of the most rewarding experiences you can have, but the process can also be overwhelming. If you’re ready to start your home buying journey, chances are you’ve done some searching online at homes in the area you’re looking for. Once you’re ready to get serious, it’s time to find a realtor and a loan officer. Both of these people are critical in your journey and if you have the right team, your process can be streamlined and easier overall. Your realtor will help you navigate the home buying process from seeing the house and submitting an offer to getting your keys. Your loan officer will help facilitate the loan and will be the one working with you throughout the process on everything needed for the financial transaction. Loan officers will help you determine how much buying power you have so you can set expectations when going into the home buying journey. While you can easily google “loan officer near me”, it’s important you work with someone who you trust. Make sure to research their experience, reputation, and products offered so you feel confident you’re in good hands.

Search for a loan officer with experience

When looking for the best loan officer for you, one of the most important factors is going with someone who has extensive experience. Lenders who have been working in the industry for a while are equipped with the tools and knowledge to help you streamline your loan. With so much paperwork, and a lengthy process from pre-approval to closing, lenders who have experience will have standard methods in place that work seamlessly. According to Ellie Mae, the average time to close a loan on a home purchase is 56 days as of December 2020. Because this turnaround time is less than 2 months, you’ll want someone who can help you close on time and get you all the information you need throughout the process. Experience is valuable and can help you save time, money, and stress when buying a home.

Check out lenders with the expertise you need

Expertise is key if you’re looking to get a specialty loan like a VA Loan. If you’re a veteran or are currently serving in the U.S. military, you’ll want someone who has experience working with military families. There are so many benefits and options when it comes to the VA Loan, and a loan officer with expertise will know how to help you navigate the process and find the best loan to suit your needs. Another perk of working with lenders who have the special expertise you need is that they’re connected with other industry professionals who have similar experience. Realtors and lenders who specialize in VA Loans often work closely with one another and can help you every step of the way. With experts in the field, you can be rest assured that your specific questions will be answered clearly and efficiently.

Find a lender that has a great reputation

Loan officers will be working closely with you throughout the home buying process and will examine a lot of your personal information. That’s why it’s important that you work with a company and loan officer that you can trust. Lenders who have a great reputation with positive testimonials and highly rated reviews online have already helped others through this extensive process. When you’re researching who to work with, check out testimonials and reviews online beforehand so you can know what to expect. Reviews that talk about speed, efficiency, and experience are all great indicators that this loan officer is the one for you. At MHS Lending, we make it our mission to provide a 5-star experience with every client. In order to provide full transparency, we’ve made our reviews available right on our website. A recent client of ours, Army Veteran Alex, wrote an awesome review about his experience with our loan officer Joshua Deleon.

“Absolutely loved our experience with the Military Homespot Lending! They were very informative and transparent throughout the entire process. Definitely recommend! Josh was amazing throughout the entire process. From the very beginning he took the time to answer all of our questions and walk us through everything. We appreciate his promptness, attention to detail and amazing customer service skills! We are so happy we found him, and he was able to help us make our dream come true. Thank you, Josh and team, we appreciate y’all!”

It's reviews like these that help give potential clients an insight into how the company and loan officer work so you can have peace of mind that this is the best decision possible. Check out our reviews page online to read more.

Find a lender who is responsive

Communication is important, especially when there are a lot of moving pieces and parts to the process of buying a home. When interviewing your lender, a fair question to ask is their preferred method of communication. This is a great way to set expectations for you and help you get on the same page from the beginning. Great houses go quick, so you’ll need someone who can jump into action to help you get your dream home when you’re ready. There will be many things to discuss and lots of paperwork and signatures going back and forth from the day you submit an offer to the day you close, so working with someone who is responsive can be a game changer. Pro tip- check the reviews to see if other people commented on how responsive that loan officer is. This is one of the best indicators that your lender will be dedicated to your loan every step of the way.

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Why Military Homespot Lending?

At MHS Lending, we are dedicated to providing exceptional service to military families and veterans. We work tirelessly to support you every step of the way on your home buying journey and are experts in working with VA Loans. Whether you’re looking to buy a home or refinance an existing mortgage, we’re here to help! If you’re ready to take advantage of your hard-earned military benefits, give us a call today!