Orange Financial Home Loan Application Process

 

During the interview(s), we will discuss and help you to select the most appropriate products
and home loan lenders that best suits your needs. Once the most appropriate lender and
loan product has been selected, the loan application process begins.

Takes 24-48 hours. 
Your loan application will be lodged with the lender within 24 hours
of receipt of ALL required supporting documents. This includes the
First Home Owners Grant (FHOG) application where applicable.
Please note – on some occasions the lender can not lodge the FHOG application on your behalf.
Check with us for further details. Once lodged, we will receive confirmation receipt
from the lender within 24 hours.

Takes 2-3 days. 
We will receive a conditional approval receipt from the lender on your behalf.
This will detail any outstanding matters requiring attention prior to unconditional (full) approval.
Upon conditional approval, property valuation(s) will be ordered by the lender (if required).

Takes 3 days. 
Valuation report(s) will be received by the lender within 3 days of request
(subject to property access).

Takes 2 days. 
We will receive unconditional (full) approval from the lender within
2 days from receipt of their satisfactory valuation(s). 
We will then contact you to
confirm written unconditional (full) approval has been received from the lender.

Takes 5-10 days. 
Under normal circumstances, the lender will send a copy of the mortgage
documents to you (or the nominated party) within 5 days of unconditional (full) approval.
You will need to sign the mortgage documents and return them to the mortgage lenders within 5 days. 

Please note – on receipt of the mortgage documents, you are required to phone us to
confirm your receipt and ensure all is in order for you to sign.

Takes 2-10 days. Purchasing a property 
Between 2-3 days after you have returned
your mortgage documents your solicitor/conveyancer will contact the lender to book settlement. 

Please note – solicitors/conveyancers need to allow 3-5 days prior to settlement to
arrange the necessary paperwork. Refinancing 
Between 2-3 days after you have returned
your mortgage documents the lender will liaise directly with your existing
lender (if different) to arrange your property refinance. 

Please note – your existing lender may require up to 10 working days to prepare
a discharge of their existing mortgage and arrange settlement.

Congratulations! Settlement has been effected and your home loan is in place