The Financing Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Finance with a LOCAL Lender!
Brad Schloss
Branch Manager
NMLS ID #206808
bschloss@annie-mac.com
Office: (757) 589-8872
Mobile: (757) 589-8872
5040 Corporate Woods Drive, Suite 101, Virginia Beach, VA 23462
Brad specializes in mortgages for active duty and prior military buyers, first-time home buyers, and seasoned homeowners. With over 20 years in the mortgage industry and extensive knowledge of VA, FHA, Conventional, and VHDA loans, Brad can always find the best programs for his clients.
Brad strives to make the mortgage transaction an easy and comfortable one by communicating with his clients effectively and honestly throughout the loan process.
Brad has been recognized nationally as a top producing loan originator by Scotsman Guide, in the Top 1% Loan Originators in America by Mortgage Executive Magazine, and has received recognition from Virginia Housing as a Top Producing Loan Officer. Brad resides in Norfolk with his wife Ashley, daughter Jenna, and son Aaron.
Get Pre-Approved
Before you start looking for a home to buy, it’s a good idea to meet with your loan originator to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets, and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns, and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
ESTIMATE YOUR MONTHLY PAYMENT
Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.
Price
Annual Tax
Loan Term (Years)
Down Payment %
Interest Rate %
Monthly HOA
Monthly Insurance
$3,198.20
Estimated Monthly Payment
Principal
$2,398.20
(75.0%)Taxes
$500.00
(15.6%)HOA
$100.00
(3.1%)Insurance
$200.00
(6.3%)What People Say About Working With Brad
Norfolk, Virginia
“Brad is incredibly knowledgeable, efficient, responsive, and kind ”
Norfolk, Virginia
“Brad is the best. He knows the mortgage business inside and out. When he is the lender, I do not worry. ”
Portsmouth, Virginia
“I always felt like I was a priority with OVM. They also worked to get our house closed in 3 weeks and everything went so smoothly. Everyone always says buying a house is stressful, but OVM made it such an enjoyable experience. ”
NORFOLK, Virginia
“Brad kept me and my client fully informed of each and every step along with way. He was honest and offered options which i know my client really appreciated. ”
Let’s find you the right mortgage loan
Start The Process
We’ll help you find a local loan originator to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Featured Products
We've longed for a place to call HOME and the team helped us do just that. Forever grateful.
Mr. & Mrs. Olson - Salt Lake City, UT
Cash2Keys
In a competitive market, you need an edge. With Cash2Keys, you don’t just bid—you win. Make cash-backed offers that stand out and beat the competition. Already own a home? Buy Now, Sell Later lets you secure your next home first, so you can move on your terms—not the market’s.
Access Home Equity
As you start to make payments on your mortgage, you gain equity in your home. Take advantage of the equity you have built up over time and receive cash for large expenses, consolidating your debts, or home repairs and updates.
Buydown
A temporary mortgage interest rate buydown is a home financing strategy that home buyers can use to temporarily lower their interest rate to make their monthly mortgage payments more affordable.
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
