Loan Programs
Home loans tailored to your needs
The WestCorp Loan Process
Get Pre-Approved
Start the home-buying process the right way. Let us help you get pre-approved. This will allow you to know what your monthly payment could look like, give you an estimate on taxes and insurance, and also show you how much of a house you can afford. This all helps you shop effectively with an edge over other buyers.
Loan Application
We’ll help you understand what paperwork is needed (debt and asset information, etc.) to apply for a loan and get you headed in the right direction.
Select Your Loan Program
Depending on your financial situation, you will select a loan program. It could be a fixed or adjustable rate; maybe an FHA loan or Conventional loan. We’ve got it all!
Processing and Underwriting
The underwriter reviews your application and there may be additional documentation we need from you.
Loan Approval
You will get notified of your approval and some conditions to be met. After those conditions are met you are pre-approved!
Close the Loan
Shop for your home, select one, and then closing documents are sent to the title company. Paperwork is then signed and the process is complete!
Loan Options

Conventional
Conventional Loans are under the Federal Housing Finance Agency conforming limit of $424,100. Requirements to get a Conventional Loan are more strict than other loan options. These loans are considered the least risky type of home loan, making them attractive to sellers.

FHA Loans
FHA Loans are insured by the Federal Housing Administration. These loans are helpful for home buyers who don’t have a lot money for a down payment and have low credit scores. Individual counties typically have maximum loan amounts.

USDA Loans
USDA Loans are available to those who would like to live in a rural area. These loans, which are government insured, require no down payment. The areas where these loans are valid and the household income requirements can be strict.

VA Loans
VA Loans are for veterans, active military personnel, and surviving spouses. These loans are insured by the U.S. Department of Veterans Affairs. Some of the benefits of these loans include no mortgage insurance requirement, the ability to finance the funding fee, and 100 percent financing (qualifying factors may come into play).

Refinance
Looking to boost your cash flow? Refinancing your home loan may be a good option for you! Here are four reasons why you may want to refinance:
- Consolidate debt
- Lower your mortgage payment
- Pull cash out (remodel, purchase property, retirement)
- Move from an adjustable rate to a fixed rate.

Reverse Mortgage
Reverse mortgages allow homeowners to turn a piece of the equity in their home into cash. If you take out a reverse mortgage, the loan does not need to be re-payed until the home is no longer in use as a main residency. This may be good for you if you have lived in your home for a long time and don’t plan to leave any time soon.