Mortgage Process








Hi, I’m DeAnn Ellis and welcome to Element Funding!
We all know there is nothing simple about the mortgage process and, our mortgage specialists are eager to help you every step of the way! Here are a few questions you may have about the process…
What is the first step?  What can you expect when working with our team?
And what exactly does preapproval mean?

Make sure to give all accurate and specific information when filling out the application.
We need all personal information in order to obtain your credit report.
 We also need a 2 year work history with specific income information.

 Bank information is also helpful when applying so we can determine your assets.
Once we receive your information, we then pull your credit, this helps us better determine the loan product that works best for you and your family.

 Have less than perfect credit? Don’t worry! Our Mortgage Specialist will advise you on what you need to do, to help you move towards the goal of homeownership.
 Next, we look at your debt to income ratios. This helps us determine what you qualify for and to make sure it works for the budget you have set for your family.

Finally, we will send you a list of documents needed to support your application, along with your pre approval letter.
When submitting your offer the pre approval letter is required by the agent. This insures that all parties are aware that you have applied, and completed your loan application.
This letter not only gives you negotiating power, it gives the agent and the seller confidence in your offer, knowing your transaction is solid and the closing will not be delayed.
Lastly the mortgage process takes on average of 30 days.

And be prepared during the process to get all additional documentation needed to complete your mortgage loan. These items will be requested by our processor so please make sure all requested documents are submitted quickly, as time is of the essence.

For additional information on applying for a mortgage loan, please call  us 855- ELEMENT or simply apply online at www.ellismortgageteam.com
The DeAnn Ellis Team, Mortgages Made Easy


Primary Residential Mortgage, Inc., DBA Element Funding, NMLS #3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Georgia Department of Banking and Finance 6521. DeAnn Ellis | Senior Loan Officer | NMLS: 148916



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