The home loan process can seem complicated and feel overwhelming if you’ve never done it before (or even if you have!), but our professional and experienced team of licensed real estate agents will keep you informed every step of the way, from pre-approval through closing. The first step is to speak with a mortgage expert. We partner with some of the greatest lenders in the business, and we’d be pleased to introduce you if you don’t already have someone in mind.
Visiting with a loan officer to get pre-approved for a loan amount before you start looking for a home is the first step. In order to estimate how much of a loan you are able to afford, the lender compiles information about your income, assets, and debts. This includes recent bank statements, a credit report, W-2 documents, pay stubs, and federal tax returns. Get pre-qualified for the exact loan programs that best meet your needs since there are numerous options available.
We’ll assist you in locating a local loan officer to obtain reasonable rates and programs that are most suitable for your unique needs
When you find a 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 the title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire load if it meets compliance.
You may be asked for further information or documentation at any point during the closing process. This is totally normal! Don’t forget to purchase homeowners insurance as soon as your loan is authorized. Get your pen ready! Your new documents will then go to the title company, where you can sign for your new home and cover the remaining costs, if any. Following the loan’s recording, you receive the keys. Welcome home!