Why Tidewater Mortgage Services?
At Tidewater Mortgage Services we are devoted to our customers and employees, and when you treat someone well throughout the entire mortgage process and they’ve had that great experience buying their first home, or buying a new home, people want to share that with others.
Purchasing Your New Home Is A Simple FIVE Step Process
STEP ONE | Find Your New Home
It is always best to narrow down your search for a new home and Chesapeake Homes has a wide variety of homes across the region to suit your needs no matter the size or price point. After you have decided on a new home, the seller will prepare a sales contract. Once you sign your sales contract, it is then provided to the title company and our processing team.
STEP TWO | Apply For Your Loan Online
Tidewater Mortgage Services makes the process very easy. So easy in fact, you can do it online from the comfort of your home. Once you apply, we review requested documents from you and begin to prepare your loan for the processor and underwriter. Then you’ll meet with your loan officer to review and sign your loan application.
STEP THREE | The Approval Process
Once your loan application is in, a Tidewater Mortgage processor receives and reviews your documents. Appraisal, title insurance, tax certificates and verifications are ordered. It is at this point you will need to order homeowner’s insurance. Then an independent objective appraiser determines the market value of your home. An underwriter will provide a list of conditions for your loan officer to complete your file.
STEP FOUR | The Closing
Closing documents and funds are finalized and sent to the title company. This is when you’ll find out the exact amount to bring to closing. All parties will sign the closing documents which will take about an hour. The title company will give you the keys to your new home!
STEP FIVE | Moving Into Your New Home
Congratulations! You are now officially a homeowner! Be sure to review the Homebuying Guide and Warranty Book provided by Chesapeake Homes so you can enjoy years of happiness in your new home!How Much Home Can I Afford?
