From application to keys, in twenty-one days.
A broker submits one application to a panel of wholesale lenders. The lenders return rate sheets within hours. We select the price and program that fit your file, walk the loan through underwriting, and land it at closing.
Average from intake to close. Files with rate locks, condominium reviews, or non-traditional income may extend by three to seven days. DSCR files often close in fourteen to eighteen days since personal income documentation is not required.
What we charge, and what we don't.
| Line item | Charged by Oakberry | Note |
|---|---|---|
| Application | $0 | We do not charge a fee to submit your file. |
| Processing | $0 | Handled in house. No surcharge. |
| Underwriting | $0 | Performed by the wholesale lender on broker-channel files. |
| Origination | Variable | Disclosed in writing on your Loan Estimate at intake. |
| Appraisal | At cost | Paid to the appraiser. Typical range $550 to $750. |
| Title and recording | At cost | Paid to title company and county. Itemized on Closing Disclosure. |
| Credit report | At cost | Tri-merge from the bureau, typically under $90. |
| Discount points | Optional | A buy-down of the rate. We will run the break-even before you commit. |
Third-party costs pass through at invoice. They appear on your Loan Estimate and again on your Closing Disclosure with the same line items.
Same borrower, same week, two quotes.
Retail Bank Quote
- Purchase price
- $600,000
- Down payment
- $120,000
- Loan amount
- $480,000
- Program
- 30 yr fixed
- Rate
- 7.125%
- APR
- 7.310%
- Points
- 0.875
- Monthly P&I
- $3,233
- Lender fees
- $4,200
Oakberry Quote
- Purchase price
- $600,000
- Down payment
- $120,000
- Loan amount
- $480,000
- Program
- 30 yr fixed
- Rate
- 6.750%
- APR
- 6.890%
- Points
- 0.625
- Monthly P&I
- $3,114
- Lender fees
- $2,400
Same borrower file, same week of pricing, two real quotes from two channels. Held to maturity. The retail bank cannot match the broker price because the retail bank is selling its own balance sheet. We are not.
What we need from you.
Conventional & FHA
- Two years of W-2s
- Most recent 30 days of paystubs
- Two months of bank statements
- Photo ID
DSCR / investor
- Signed lease or a market rent estimate
- Property insurance quote
- Entity documents if you title in an LLC
- No tax returns or W-2s required
Refinance
- Current mortgage statement
- Homeowners insurance declaration
- Recent income documentation
- HOA or payoff details, if any
Self-employed (bank statement)
- 12 to 24 months of bank statements
- Business license or formation docs
- Photo ID
- No tax returns required
What can slow this down.
- Appraisal scheduling or a value that comes in low
- Conditions returned slowly once underwriting asks
- Large unexplained deposits in bank statements
- Changing jobs or income structure mid-process
- Title, lien, or survey issues on the property
- Letting a rate lock expire before closing
Want this run on your file?
Send us the basics in four fields. We will return a written Loan Estimate within one business day, with a soft credit pull only at intake.