Loan Process
Submitting a loan is quite simple. You may either first PRE-QUAL the loan via email to get an idea of what rate and term options are available, or skip this process and simply submit the loan for approval. To submit the loan, follow these easy steps:
- Call one of our accountant representatives at (800) 710-6762 ext 105. We will very quickly determine which program best suits your needs.
- The program specific application and submission requirements will be forwarded to you for your completion
- Fax the application and documents needed to (540) 548-1117 attn: Underwriting Department
- Obtain a copy of your tri-merge credit report. If you are not sure where to get this, you may CLICK HERE and be directed to a secure site to obtain your credit.
- Fax the information to (540) 548-1117 attn: Underwriting Department
OR
Email to info@statedcommercialloans.com
OR
Mail the File to:
Stated Commercial Loans
1135 Heatherstone Dr
Suite 102
Fredericksburg, VA 22407
What you can expect:
- A Preliminary review of your loan within one business day.
- Interest rate and term options presented to you within one business day.
- Conditional prequal certificate sent to you within one business day.
- Loan approval between 2 to 7 business days depending upon the loan program.
- Appraisal and other required third party work is ordered.
- Loan conditions and stips are cleared.
- Loan closing is scheduled.
Approximate time from start to finish is 6 to 8 weeks depending upon your loan program.
About Us
We pride ourselves on understanding the problems and opportunities our customers face. We know that a satisfied client is our most valuable asset and are dedicated to serving the individual needs of each client above and beyond their expectations. Our loan officers offer years of experience in funding non traditional commercial mortgages and our friendly staff is here to help you through every stage of the loan process. At any time you may call one of our loan officers direct at (800) 710-6762 ext 105 to discuss your loan.