Loan Guide

We Will Help Guide You Through The Loan Process

What To Expect During The Loan Process

  • Pre-Qualify – We review your credit report and income so you’ll have a good idea of how much home you can afford.
  • Finding Your New Home – Sign your sales contract between you and the seller is provided to the title company and our processing team.
  • 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.
  • Home Inspection – An inspector will check the property for potential structural, electrical and plumbing issues.
  • Processing and Appraisal – A processor receives and reviews your documents. Appraisal, title insurance, tax certificates and verifications are ordered. It is at this point you need to order homeowner’s insurance. Then an independent objective appraiser determines the market value of your home.
  • Underwriting and Loan Final Approval– An underwriter will provide a list of conditions for your loan officer to complete your file.
  • Closing Of Your New Home – 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.
  • Getting The Keys – The title company will give you the keys to your new home!
  • Congratulations you are now a homeowner!!

Do's & Don'ts of Homebuying

Buying a home comes with some (seriously exciting) considerations. While purchasing a new home can tickle your most excitable emotions, it’s important to remember that buying a home is serious business and there are certain things you should do and certain things to avoid along your homebuying adventure.
  • Get all of your ducks in a row as homebuying will likely include all of your personal financial endeavors.
  • Be prepared for your down payment as well as closing costs associated with your new home.
  • Be realistic when shopping for a home, a mistake many first-time homebuyers tend to make is having their heart set on a certain home, keep open minded and aware of the realistic approach.
  • While getting a mortgage might not be difficult, finding the right option can be a little challenging. Do your research and get some ideas on what mortgages are available for you and how to qualify for certain programs.
  • As you go through the process of procuring financings for your new home, every financial move you make will be watched heavily by both credit reporting agencies and your lender. It’s important to realize that while you’re securing your loan you should avoid furnishing your new home, buying a new car, or trying to add more to their expanding world.
  • Along with not applying for new credit, don’t make any drastic life changes. Your financing hangs in a delicate balance of being mutually exclusive and dependent on your current financial situation including your job and even your possessions.
  • Being prepared can make your meeting with a loan officer that much smoother if you know what you want, but you’ll certainly need to get in touch with one of our loan options!
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