The Loan Process is relatively simple. Here is a general example of what you can expect of the loan process.


Strategize - First, Petra Lending Group will provide you scenarios and options to consider, allowing you choose the loan program that fits your goals. We will run some “what-ifs” and determine your rate and monthly payments.

Documentation - You need to make sure to gather and organize all appropriate documents. These will include things like tax-forms, pay-check stubs, bank statements, and etc. We will send you a checklist to follow and complete.

Loan Application - Once you have all of your required documents together, you can then submit to us a formal application. Make sure that all information is correct and up to date for quicker processing.

Loan Approval - After we receive your application, our processing department will begin by running a credit report, checking employment history, and verifying your assets and property value. To insure that this happens as quickly as possible, be prompt in responding to additional requests and do not change jobs or make any large purchases.

Loan Closing - The closing is your last step. Here you will verify and sign all documents associated with the loan. This is where you would also pay any down payments or closing costs required.