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How to Get a Loan

Take the Hassle Out of Home Buying

Smart homebuyers know how much home they qualify for before they start looking.  Before you begin looking for your dream home, let On Tap Credit Union pre-qualify you and issue you a firm mortgage commitment (subject to satisfactory appraisal and contract sale on the home). You’ll feel confident that you have been approved for your loan and you’ll know what price range of homes to consider. Also, negotiating a purchase contract without the stipulation of loan approval can often give you an edge with the seller.

Be sure to tell your real estate agent (or one of our Preferred Realtors [link to preferred realtor page) that you have already been approved for a loan at On Tap Credit Union and want to close with us. Not only will it take less time to close since much of the work has already been done, but our closing costs are much less than you can find elsewhere, not to mention our phenomenal rates. We do not add unnecessary “junk fees” to our costs as many other lenders do. Call our Home Loan Center at 303.279.6416 to set up an appointment to start your application process.

Determining What You Can Afford
With the many alternatives in today’s housing market, it is best to identify the price range appropriate to your financial situation. For help determining how much you can afford, contact our Home Loan Center at 303.279.6416.

Process and Approval
Qualification for a mortgage loan is based on your ability to make monthly payments (assuming the minimum down payment requirement and closing costs’ are covered).  Consideration is also given to your credit history, household income and the appraised market value of the home you are purchasing, or the refinancing of your existing mortgage.

The Loan Process
The time period following the submission of an application can be an anxious one. It may help you to know the many details that require attention and take what can seem like a long time

After we receive your completed application package, we will have the property appraised, verify your employment, verify your deposits and order your title commitment. Upon receipt of these items, your loan officer will review your loan. If everything is in order, we can then prepare the loan for commitment.

Once you accept the commitment and all the conditions have been met, a closing can be scheduled.  Prior to the closing, a survey and inspections of the property may be required. The loan process usually takes 60 days from start to finish.


On Tap Credit Union
816 Washington Ave, Golden , CO  80401
Direct:  (303) 279-6414
Fax:  (303) 279-6336
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