FHA Loans -
FHA Loan Documents
...............................................................................The loan document process is the stage when your loan documents are being
prepared by the investor. These loan documents are the legal binding documents to finalize
your transaction. They will include some of the following important items to be signed:
- Note - Promissory Note indicating amount borrowed,
interest rate charged, and terms or repayment, and the monthly payment amount.
- Deed of Trust - this documents places the property
as security to the loan and note. (recorded with county recorders office)
- HUD 1 - this document is the itemized break-down of
all fee's incurred for obtaining the loan.
If the interest rate has already been locked-in, the loan documents
are drawn by the document person. Once the loan documents are printed, they are then
overnighted to the escrow company, who then will contact the borrower to set-up an
appointment to sign the loan documents. This process from document order to signing will
normally take 2-5 days.
Some lenders, like FHA-Home-Loans.com, Secure Funding are
currently using technology to have this documents delivered via email which can help save
time.
Once the loan documents have been signed they must then be
overnighted back to the lender to set-up the loan
 funding.
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