The Process

1. Get pre-approved
A pre-approval should ALWAYS be the first step in your home buying process. A pre-approval is a simple and FREE process. A pre-approval gives you a little peace of mind because you will know exactly what home price range you should be looking for and what your monthly payment should be, including property taxes, insurances, and HOA fees, if applicable. There are several loan programs to select from depending on your particulrd.

2. Search for a Home
Now that you know how much you can afford, you are ready to begin the exciting part…Finding your home! Althar situation and, surprisingly, most people underestimate the price of the home they can affoough we are not in the business of selling real estate, we partner with a large network of knowledgeable and licensed realtors and we can recommend you someone that specializes in your particular area of interest.

3. Found your home?
Once you find the home that you’re interested in buying, your realtor will help you negotiate the price and prepare the purchase contract. Please remember that it is very important to consider the market conditions in your area while you are negotiating the price of your home. If the area you are looking in is a bit slow, you should be able to negotiate the price more aggressively with the seller. However, if the market is hot (selling fast), it may not be worth losing the deal over a couple of thousand dollars. It is very important that you work with a realtor that you trust.

4. Your Mortgage Loan
Once your home is under contract, the loan processor will request some documentation from you, (Click here for Document Request List). For our part, we will provide you with a Loan Estimate, which will include the interest rate on your loan, the closing costs, your monthly payment, and other important details. Within a couple of days after receiving your contract, we will order an appraisal on the home. We will also request income and asset verifications, and title documents from the closing agent. Once the processor completes the assembling of the paperwork, the loan package is submitted to our underwriting department for final approval.

5. Loan Closing
Once your loan is approved (typically 30 days), we will send you a Closing Disclosure with the final details of your loan terms. The terms on the Closing Disclosure should very closely match the terms listed on the Loan Estimate, unless there was a defined change in circumstance, but by this point you would already have known. There should be NO SURPRISES at closing! The closing agent will then contact you in order to schedule a date and time that is convenient for you to close on your loan.

Move in to your NEW HOME!!!

There’s nothing like the feeling of moving into a new home. You may have some questions after settling in to your home, so PLEASE feel free to call us at any time. We are here to help you at any point during the life of your loan!