Our Loan Process

Liberty values the relationship it has with its borrowers. We pride ourselves on being creative in meeting our borrower's needs as well as having a quick turnaround of all loan requests.

A summary of our process is as follows:

• 1. Initial Contact and or receipt of loan application
• 2. Preliminary supporting documentation provided by borrower (i.e. Purchase agreement, current appraisal, and property details)
• 3. Formal loan commitment provided to borrower from Liberty
• 4. Borrower provides signed loan commitment along with remaining conditions precedent and supporting docs
• 5. Final Liberty Credit Committee approval based on final docs received
• 6. Lawyers instructed to prepare security documents
• 7. Security documents finalized and sent to borrowers lawyer for execution by borrower
• 8. Funding/Closing - loan proceeds sent to borrowers lawyer in trust

Depending on the complexity of the loan, the above process typically takes between 7-14 business days.

If you are interested in obtaining financing through Liberty Mortgage, please contact us directly or fill out the online application form today.