Once you’ve decided homeownership is for you, getting pre-qualified for a home loan is the first, and perhaps most important, step to achieving your goal. During the pre-qualification process, you’ll find out how much you can borrow by completing a loan application with your loan officer, who will also pull your credit report and help you decide on a loan program. If the loan officer is able to pre-qualify you for a home, you will receive an estimate of the expected closing costs. Please note: if you’ve already identified a property, documentation is not required to obtain an official loan estimate of fees and costs.
Here is your step-by-step guide for the home-buying process:
We have a team of professional Mortgage Loan Originators to help with any questions about the buying or refinancing process. We can get you prequalified!
To get prequalified, you will need to provide some financial information to your Mortgage Loan Originator, such as your income, monthly debt liabilities, and asset information. This information will assist us in determining the purchase price you may qualify for so you can begin shopping for homes.
Once pre-approved, we will be there to answer any questions you may have while you go through the shopping process with your real estate agent. Sign up to receive a pre-approval checklist.
When you identify your ideal home, your real estate agent will assist you in making offer by completing the appropriate contracts, etc.
All contractual agreements between the seller and buyer have been solidified. The buyer will make an earnest money deposit with the closing agent at the title company and the contract is now valid agreement.
The moment you’ve been waiting for is here! The time has come to sign all of your home loan and title documents to complete your home purchase.
Once you have signed your loan documents, deposited funds for closing costs/down payment, your loan proceeds have been received and the seller signs their paperwork the closing agent will prepare the title document to record the change of ownership.
The closing agent sends the documents to the county recorder’s office to make the change of ownership official.
Congratulations and enjoy your new home.